The market is showing signs of rebalancing despite high home prices, as the annual growth rate has slowed to its lowest level ...

A “steady rise in inventory” contributed to increasing real estate prices in 2025, the California Association of Realtors said.

The average price for a home also hit a record high of $1,281,704, up 7.7 percent. Overall, the median sale price is up 24 percent in the borough since the prepandemic first quarter of 2020.