California's housing market just flipped (2025 correction warning)

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California's housing market is slowing in 2025, with inventory skyrocketing and home values now dropping on a month-over-month basis. Access the data for your city in California at: https://www.reventure.app

Markets like Los Angeles, San Diego, and Orange County are seeing a big spike in listings of homes for sale to start the year in 2025, and now Zillow-reported home values are dropping on a month-over-month basis.

The reason California's housing market is beginning to correct is because homebuyer demand and sales have fallen to the lowest level in years, with home sales tracked by Redfin down 20% from normal and by 40% from the pandemic peak.

Data on Reventure App shows home values are dropping most in metros like San Jose, San Francisco, and Los Angeles on a monthly basis, however values are still positive year-over-year.
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