California Housing Market November 2025 Statewide and Regional Data Analysis

November 2025 California Real Estate Data for Buyers and Sellers

California’s November 2025 housing data is in. In this episode, I break down the latest numbers from the California Association of Realtors for existing single-family homes — statewide and across five major regions.

What you’ll learn:

•          Why California’s median price held steady at $852,680

•          Which region saw the biggest price decline (hint: it’s the Bay Area)

•          Where homebuyers have the most negotiating power right now

•          What 32 days on market tells us about the shift from 2024

•          Why this is normalization, not a crash

Statewide November 2025 Highlights: - Median Price: $852,680 (0.0% vs Nov 2024) - Sales Volume: 287,940 (+2.6% vs Nov 2024) - Inventory: 3.6 months - Days on Market: 32 days

Regional Breakdown: - Bay Area: $1,275,000 (-3.2%) - Southern California: $860,000 (+1.2%) - Central Valley: $490,000 (-1.0%) - Central Coast: $1,032,500 (+0.2%) - Far North: $385,000 (+2.7%)

Resources: - Data Source: California Association of REALTORS® (C.A.R.) November 2025 Existing Home Sales Report - Watch Pat's video version: [https://youtu.be/i9N77gF4ImQ?si=Du-fDiAr8TWrTykw] 

About the Host: Pat Kapowich, DRE #00979413, is a Certified Real Estate Brokerage Manager (CRB) with decades of experience tracking California housing data.

Connect: - YouTube: Pat Kapowich Real Estate Protection - Website: [https://www.siliconvalleybroker.com/]

This episode covers existing single-family home sales (pre-owned homes), not new construction.

Host Pat Kapowich is a Certified Real Estate Brokerage Manager and career-long consumer protection advocate.

Santa Clara County Association of Realtors 'President's Choice Award' "For demonstrating principles of good real estate practice; promoting and protecting home ownership and property rights; and distinguished service to members and the community."

Industry Designations Earned

• Certified Residential Specialist (CRS)
• Accredited Buyer's Representative (ABR)
• Graduate, REALTOR® Institute (GRI)
• Seniors Real Estate Specialist (SRES)
• Certified Trust & Probate Specialist (CTPS)

Since 1988, regardless of market cycles, Pat maintains a median of 9 days on market for single-family homes and 8 days for condos/townhomes.

Media & Publishing
Covered by or written for: The Wall Street Journal, San Jose Business Journal, San Jose Mercury News, East Bay Times, Broker/Agent Magazine, Bay Area News Group, and California Association of Realtors Magazine.

Pat is a lifelong resident of Silicon Valley, California. Office: 408-245-7700 | Email: Pat@SiliconValleyBroker.com | License: Broker# 00979413

Real-time market data: https://www.siliconvalleybroker.com/market

Transcript

California Housing Market November 2025 Overview

[00:00:00] Pat Kapowich: California and its regions in this report for November, 2025. Now, I've been tracking trends and data in the real estate market, residential real estate market throughout my career, and from now on I'm going to share 'em with you. California's medium price for existing single family homes. 852,680 in November, 2025.

[00:00:27] Pat Kapowich: Essentially unchanged from November, 2024. 0% difference from October to November, 2025. Prices tipped 3.9%. That's typical. That's what happens from October to November. By November, 2025, sales were slightly up from the same period in 2024. Just 0.9% inventory housing stock. The end sold inventory index 3.6 months in November, 2025, up from 3.3 months in November, 2024.

[00:01:03] Pat Kapowich: That is a 9.1% increase. Now a balance market is considered six months of housing stock In November, 2025, we were at 3.6. Months of housing stock. Still a seller's market, but inventory is improving for home buyers. Days on market. Existing single family home. Spent a medium of 32 days on the market in November, 2025, up from 26 days in November, 2024.

[00:01:33] Pat Kapowich: That's a 23.1% increase. Homes are taking longer to sell in November, 2025. Not a collapse, normalization sale price to list price. The sale price to list price ratio 98.3% in November, 2025, down from 99.4% in November, 2024. Home sellers are getting slightly less in asking. Another sign of rebalancing. Those are the statewide numbers, but now California is not one market.

[00:02:03] Pat Kapowich: Let's take a look at some of the regions. The San Francisco Bay Area medium price for existing single family home sales, 1,275,000 in November, 2025, down 3.2% from November, 2024. This is significant. The Bay Area saw price declines while the state had held steady. Sales volume fell 3.5% in November, 2024.

[00:02:30] Pat Kapowich: Year to date, the Bay area is down just 0.2%, essentially flat for the year. Tracking right with 2024 inventory, 2.2 months of housing stock, the medium days on market 25. Sale price to list price ratio 100%. Home buyers are still paying full asking price. The Bay Area remains competitive, but it's cooling from the extremes of 2021 and 2022.

[00:03:02] Pat Kapowich: Southern California's medium price for existing single family homes, 860,000 in November, 2025, up 1.2% from November, 2024. Prices climbing slowly. Sales volume declined 3.1% from November, 2024. Year to date, Southern California is flat at 0%. Total sales through November 20, 25. Match 2024 exactly. Housing stock inventory, 3.8 months of housing stock.

[00:03:37] Pat Kapowich: Days on market, 35, medium days on market. The sale price to list price ratio, 98.3%. More homes available for home buyers. Still a home seller's market, but loosening negotiations were back in November, 2025. Central Valley Medium price for existing single family homes, 490,000 in November, 2025, down 1% from November, 2024.

[00:04:04] Pat Kapowich: A slight dip. Sales volume fell 3.1% from November, 2024. Year to date, the Central Valley is up 0.2%. Just barely ahead of last year's pace through November. Inventory 3.7 months of housing stock. The medium days on market. 31 sale price to list price ratio, 98.3%. Home buyers have more choices and slightly more negotiating room inventory, 3.7 months of housing stock.

[00:04:35] Pat Kapowich: The medium days on market. 31 sale price to list price ratio, 98.3%. Home buyers had more choices and slightly more negotiating room in November, 2025. The Central Valley offers relative affordability, a key market for first time home buyers. And home buyers priced out of coastal markets. Speaking of a coastal market, central coast median price for existing single family home, 1,032,500 in November, 2025, up 0.2% from November, 2024.

[00:05:10] Pat Kapowich: Basically, flat sales volume declined 2.4% from. November, 2024. Year to date, the central coast is up 2.3% outpacing 2024. More homes have sold in 2025 and this point last year, inventory 3.7 months of housing stock. The medium days on market, 30 sale price to list price ratio, 97.1%. That 97.1% is the biggest gap between asking and selling price of any region.

[00:05:40] Pat Kapowich: Home buyers have the most negotiating power here. In November, 2025, the Central Coast combines coastal lifestyle with. Proximity to job centers. A premium market showing signs of ballot, lower North Medium price for existing single family home, 385,000 in November, 2025, up 2.7% from November, 2024. One of the strongest price gains in the state sales volume increased.

[00:06:07] Pat Kapowich: 2% from November, 2024. Year to date, the far north is up 3.4% ahead of last year's pace through November. Inventory 5.2 months of housing stock, medium days on market, 45 sale price. The list price ratio, 96.2%. This is the highest inventory of any region. Approaching balanced homes take longer to sell here than anywhere else in California.

[00:06:33] Pat Kapowich: Home buyers have significant leverage. The Far North offers more affordable housing in California, a home buyer friendly environment pulling this together statewide. California's medium price held steady at 852,680. Sales volume was up 2.6% from November, 2024. Inventory rose to 3.6 months. The medium days on market increased to 32.

[00:07:02] Pat Kapowich: Regionally, we see Divergence Bay area prices declined 3.2%. Southern California rose, 1.2%. Central Valley dipped 1% Central Coast, essentially flat. And the far north increased 2.7%. What does this mean? In November, 2025, California's housing market was normalizing, not crashing, normalizing more inventory than November, 2024 homes taking longer to sell home buyers negotiating below asking this is healthy.

[00:07:33] Pat Kapowich: The extreme home sellers market of 2021 and 2022 was unsustainable. We are returning to balance for home buyers. More choices, more time to decide for home sellers. Price competitively prepare for negotiations. These are the numbers for 2025 existing single family homes in the state of California and its regions, and you see there in the end cards.

[00:07:56] Pat Kapowich: Those are playlists of my other YouTube channel dedicated to keeping home buyers and home sellers safe in a real estate transaction. Be sure to check back. I'll have a lot more information. In the meantime, stay safe