The California housing market saw a strong influx of new listings in mid-May, with REALTORS® across the state reporting significant activity. According to data from the California Association of REALTORS®, the average number of new listings per day climbed to 873 for the week ending May 17, 2025—a robust signal of inventory growth statewide.

Closed Sales and Listings Rise Housing Market

The report shows an average of 501 closed sales per day, while pending sales averaged 563 per day. Compared to previous weeks, closed sales activity jumped 12.1%, with 24.6% of agents surveyed reporting they closed a sale. Listing activity also improved notably, with 33.8% of agents listing a property—up 10% from the prior week.

While entry into escrow dipped slightly by 0.4%, it remained stable at 13.8%, indicating steady buyer interest amid growing supply.

Realtor Sentiment Signals Confidence

REALTORS® surveyed at the start of the quarter shared measured optimism about the week ahead. Nearly half—46.9%—expected listings to continue rising, a 3.7% increase in sentiment over the prior period. A notable 23.4% of respondents expected sales to rise, though this figure was down 4.1% from previous expectations. Expectations around home prices were more subdued, with only 9.4% predicting an increase, reflecting a 9.4% decline in pricing optimism.

California Housing Market Opportunities

With a strong rise in inventory and steady sales, the California housing market is showing signs of balance. The rise in new listings could ease pressure on buyers who have faced limited options in recent months. Meanwhile, the dip in pricing expectations may signal a stabilization period as supply and demand adjust.

For agents and buyers alike, the current environment points to increased opportunity. Properties are entering the market at a faster rate, giving buyers more choices and sellers a larger audience.

Community Relevance and Local Outlook

For cities across the San Gabriel Valley and beyond—including El Monte, Rosemead, and Baldwin Park—these trends suggest a more competitive and accessible housing landscape. Local REALTORS® should prepare for increased listing activity and recalibrated buyer expectations heading into the summer months.

As statewide inventory continues to rise and buyers re-engage, keeping a close eye on localized data will be essential. The California housing market appears to be entering a new phase, one marked by rising inventory and stable transaction activity.