📬 September Update | CA Newsletter

Welcome to our September Newsletter

We’re bringing you the latest housing market highlights.

In August, housing markets across Santa Clara, Alameda, San Mateo, and Los Angeles counties continued to show a balance between buyer demand and seller expectations. Two key indicators—average days on market (DOM) and the sale-to-list price ratio—highlight how quickly homes are selling and whether buyers are still bidding above asking. While each county has its own dynamics, the overall trend points to a market that remains competitive, though the pace and intensity vary with seasonal shifts and affordability pressures.

Santa Clara County: Average Days on Market and Sale to List Price Ratio

Santa Clara County (SCC) residential single-family homes from September 2024 to August 2025. The light blue bars represent the Sale Price to List Price Ratio, which consistently stayed above 100%, showing that homes generally sold for more than the asking price. The highest point was in February 2025 (109.1%), while the lowest occurred in August 2025 (102.2%). The yellow line traces the average days to sell, which fluctuated across the year. Homes sold fastest in March 2025 (13 days) and slowest in December 2024 and August 2025 (26 days each). Overall, the graph highlights a competitive market in early 2025 with stronger buyer demand, followed by a gradual cooling toward mid-2025.

San Mateo County: Average Days on Market and Sale to List Price Ratio

San Mateo County (SMC) residential single-family homes from September 2024 to August 2025. The light blue bars show the Sale Price to List Price Ratio, which remained above 100% throughout the period, highlighting that homes consistently sold above asking prices. The peak occurred in March 2025 (108.2%), reflecting a highly competitive market, while the lowest point was in July 2025 (102.4%). The yellow line shows the average days to sell, which varied significantly. Homes sold fastest in March 2025 (17 days) and May 2025 (18 days), while the longest selling times were in January 2025 (37 days) and December 2024 (34 days). Overall, the graph shows strong buyer demand in early 2025, followed by a slowdown with longer market times and slightly weaker price performance in mid-to-late 2025.

Alameda: Average Days on Market and Sale to List Price Ratio

Alameda County (ALC) residential single-family homes between September 2024 and August 2025. The light blue bars represent the Sale Price to List Price Ratio, which remained consistently above 100%, signaling that homes generally sold over asking price. The peak occurred in March 2025 (109.4%), while the lowest levels were in January 2025 (103.3%) and July–August 2025 (104.4%). The yellow line indicates the average days to sell, which fluctuated more widely. Homes sold the fastest in March 2025 (17 days) and slowest in January 2025 (35 days) and December 2024 (34 days). Overall, the data suggests a strong seller’s market in early 2025, with competitive bidding driving prices up and sales happening quickly, followed by a gradual cooling trend through mid-to-late 2025.

Los Angeles: Average Days on Market and Sale to List Price Ratio

Los Angeles County single-family homes from September 2024 to August 2025 shows two key trends. The light blue bars represent the average days to sell, which generally increased through the winter months, peaking at 57 days in January 2025, before declining steadily to around 42–43 days by midsummer. The yellow line represents the sale price to list price ratio, which stayed very close to 100% throughout the year, indicating a balanced and competitive market. While the ratio dipped slightly below 100% in January and August, it peaked in March at 101.1% and remained above 100% through most of the spring, reflecting strong buyer demand. Overall, the data highlights a seasonal cycle where homes took longer to sell during the winter but moved more quickly as spring and summer approached, while prices consistently aligned with or slightly exceeded list values.