Southern California’s real estate market has experienced numerous fluctuations over the past two decades. The Southern California News Group is now leveraging data from Attom, an Irvine-based firm that offers insight into home sales and pricing trends dating back to 2005. Below are the major takeaways from the region’s real estate history:
Price Trends
• Record High: The median sales price peaked at $823,000 in May 2024, slightly dropping to $820,000 by February 2025.
• Great Recession Low: In April 2009, the median price bottomed at $241,000, marking a significant recovery with a 240% increase since then.
• Long-term Growth: Home prices have appreciated 101% since February 2005.
• Year-over-Year Movements: 79% of months since 2005 saw price increases, with the largest annual growth of 28% ending in June 2013 and the biggest drop of 39% ending in January 2009.
Sales Activity
• Average Monthly Sales: Over the past 20 years, the average has been 19,649 transactions per month, with February 2025 witnessing a lower figure of 11,966.
• Seasonal Trends: June typically sees the most activity, averaging 22,531 sales, while January is slower, averaging 15,496 sales.
• Sales Extremes: June 2005 recorded the fastest sales with 37,549 transactions, whereas January 2023 saw the slowest with 10,326.
Single-Family Homes
• Record Prices: Median prices hit a high of $875,000 in May 2024 and February 2025.
• Price Growth: There’s been a 105% increase since 2005.
• Sales Patterns: The average monthly sales over two decades is 14,968, with a notable dip to 8,807 in February 2025.
Condominiums
• Peak Prices: Hit $700,000 in July 2024 and February 2025.
• Price Appreciation: Condos have seen a 94% increase since 2005.
• Sales Dynamics: Averaging 4,681 sales per month over 20 years, February 2025 saw a lesser total of 3,159.
These insights reflect the dynamic nature of the Southern California real estate market, indicating both the resilience and volatility within the housing sector.
Source: The San Diego Union-Tribune
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Shirin Rezania Ramos | 858.345.0685 | www.shirinramos.com | Compass, DRE 0203379
