California Real Estate trends in the housing market showed steady activity during the first week of May 2025, with notable increases in new listings and closed sales. According to the California Association of REALTORS®, an average of 879 new listings were posted each day for the week ending May 3, a 10% increase over the prior week. This surge suggests sellers are taking advantage of early spring demand and favorable pricing conditions.
Pending sales averaged 606 per day, showing consistent buyer engagement despite a slight 0.4% decline in the rate of properties entering escrow. Meanwhile, closed sales climbed to an average of 577 per day—a 12.1% gain—indicating strong follow-through on transactions initiated in recent weeks.
REALTORS® See Rising Listings Ahead
The percentage of REALTORS® who reported closing a sale during the prior week stood at 24.6%, while 13.8% entered escrow and 33.8% listed a property. These figures reflect the current balance between market supply and buyer follow-through. Notably, the rate of listings reported by REALTORS® jumped 10% over the previous week, reflecting both seasonal momentum and a positive outlook among sellers.
Looking ahead, nearly half (46.9%) of surveyed REALTORS® expect listings to rise further in the coming week. This represents a 3.7% increase in optimism from the previous quarter and suggests that inventory levels may continue to grow through May. In contrast, only 9.4% of respondents believe prices will increase, marking a 9.4% drop from the last quarter’s sentiment—highlighting growing caution about short-term appreciation.
Market Holding Steady Despite Price Uncertainty
While sales activity remains strong, REALTORS®’ expectations for price growth have cooled. Just 9.4% of agents anticipate rising prices in the week ahead, a significant decrease from the prior quarter’s forecast. This may reflect concerns over affordability, interest rates, or buyer fatigue after months of elevated competition.
Still, 23.4% of REALTORS® believe sales volume will increase this week—a slight decline of 4.1% from the previous quarter but still a strong indicator of market momentum. With closed sales up, pending sales holding steady, and new listings on the rise, the California market continues to perform with resilience as it enters the heart of the spring selling season.
Local Takeaway for San Gabriel Valley
For communities in the San Gabriel Valley—including El Monte, Baldwin Park, Rosemead, and South El Monte—this statewide data suggests favorable conditions for both buyers and sellers. With inventory expanding and closing activity rising, real estate professionals may find a more balanced market developing. Buyers should stay alert for new opportunities, while sellers may benefit from increased exposure and a steady stream of motivated buyers.
The coming weeks will be critical in determining whether the current pace holds as school-year transitions, interest rate expectations, and economic indicators continue to evolve. Agents and residents alike are advised to watch California real estate trends closely.
