California housing market trends showed steady sales and rising listings in late February, according to new data from the California Association of REALTORS.
The report, released in March, offers a snapshot of daily averages for the week ending Feb. 28. It shows 494 closed sales per day statewide, along with 516 pending sales and 610 new listings entering the market. The figures reflect activity reported through multiple listing services across California.
For communities in the San Gabriel Valley, including El Monte, South El Monte and Baldwin Park, the data signals continued inventory growth as spring approaches.
Closed Sales And New Listings Increase
The California housing market trends report recorded 494 closed sales per day during the reporting week. Pending sales averaged 516 per day, indicating ongoing buyer activity despite higher borrowing costs.
New listings reached 610 per day, outpacing both closed and pending sales. The increase suggests more homeowners are testing the market as seasonal patterns shift toward spring.
The report also surveyed REALTORS about their performance in the previous week. About 24.2 percent said they closed a sale, up 0.4 percent from the prior quarter. Another 16.9 percent entered escrow, down 6.4 percent. Meanwhile, 25.8 percent listed a property, a 1.4 percent decline from the previous quarter.
The data reflects statewide trends and does not break out city-level figures. Local agents in Arcadia, Temple City and Rosemead often see activity mirror broader Los Angeles County patterns, though pricing and inventory can vary by neighborhood.
Market Expectations For Week Ahead
Looking ahead, survey responses suggest cautious optimism among REALTORS.
About 12.4 percent of respondents expect sales to rise in the coming week. That figure marks a 2 percent drop from the previous quarter. Roughly 5.9 percent predict prices will increase, down 1.6 percent. In contrast, 28.8 percent expect listings to rise, though that share fell 16 percent from the prior quarter.
The California Association of REALTORS noted that larger blue percentages in the report represent the share of survey respondents, while smaller green and red figures reflect changes from the previous quarter.
The weekly statistics draw from MLS data collected across the state. Survey results were gathered at the start of the current quarter. The full report is available through the California Association of REALTORS at https://www.car.org.
As spring homebuying season approaches, local buyers and sellers in the San Gabriel Valley will likely watch inventory levels and buyer demand closely. The latest California housing market trends point to steady transaction volume and growing supply, factors that shape affordability and competition in the weeks ahead.
