Southern California Housing Market: Spring 2025 Trends and Insights
The Southern California housing market this spring shows mixed signals as inventory levels gradually increase from historically tight conditions. Median home prices across Los Angeles, Orange, and San Diego counties have stabilized following last year's interest rate adjustments, with modest year-over-year appreciation of 3-4%. Properties in coastal communities continue commanding premium prices while inland areas offer relative affordability. Days-on-market averages have extended to 24 days, providing buyers slightly more negotiating power than the frenzied market of previous years. Competition remains fierce for move-in ready homes priced under $1.2 million, often attracting multiple offers, while luxury properties above $3 million are experiencing longer selling periods. Real estate analysts point to the region's persistent housing shortage and strong employment numbers as factors maintaining market stability despite higher mortgage rates. For specific information about the current market in your neighborhood give us a call today.
- When you need to work on your credit. Maybe your credit score is just starting to recover, but you need more time to pay down debts for a couple of years. With rent-to-own, you could start investing in a home while you bring up your score.
- You’re close, but not quite ready to secure a mortgage. You might have a good job with a significantly bigger salary, but you haven’t been there long enough for a lender to consider it a stable source of income. Or maybe you’re self-employed and you’re still building a reliable track record. Rent-to-own allows time to build personal wealth and financial credibility while working toward your homeownership goals.
- When you know you’re going to buy when the lease expires. If you’re not ready to buy when the lease expires, then you will lose any rent credit, i.e. investment, you’ve put into the home.
