(KMJ) California’s housing market is flashing warning signs.
New data from real‑estate tracker Attom shows the state recorded just 954,000 property sales from 2023 through 2025 — that’s 24% fewer than the same three‑year stretch before the Great Recession.
Analysts say that means homebuying has actually been slower in recent years than it was leading up to the 2008 crash. Compared to the long‑term average, California sales are down 31%, far deeper than the 6% drop nationwide.
Even with the slowdown, prices keep rising. The state’s median home price climbed 9% over the last three years, hitting $710,000, just off its all‑time high — raising fresh concerns about affordability and whether the market is headed for a correction.
