Southern California Real Estate Market Trends and Statistics
Prices across the West have been going downward for most of the past year. By the end of 2025, median list prices were sitting 1.8% lower than they were a year earlier. Why? Because mortgage rates have stayed high, everyday expenses have not become cheaper, and buyers are finally pushing back.
More houses were also coming onto the market, so buyers did not feel rushed. California, especially its coastal cities and Mountain West-adjacent areas, felt this shift more than most.
The West encompasses 13 states, from Alaska to Arizona, California to Colorado, and all the way through Washington and Wyoming.
