At its May 2025 meetings, the California Association of REALTORS® focused on legislative advocacy, housing market trends, and member resources. Key updates included support for Governor Newsom’s budget provisions aimed at increasing housing supply and streamlining insurance access in wildfire-prone areas. The Board reviewed April’s declining home sales and slight price dip, with discussions centered on improving consumer confidence amid market volatility. Committees also examined proposed revisions to the Residential Purchase Agreement and highlighted upcoming legal webinars and training opportunities for brokers. C.A.R. reaffirmed its commitment to safeguarding professional standards while pushing forward policy efforts to expand housing access statewide.
Real Estate Market Update El Cerrito, CA
As of early July 2025, El Cerrito remains a strong seller’s market with a Market Action Index holding steady at 72, consistent with last month. The median list price for single-family homes is $1,148,500, while new listings are priced slightly higher at $1,222,000. Homes are averaging 43 days on market, with nearly no price reductions or increases recorded this period. Inventory remains tight at 72 homes, reinforcing current seller advantages. Despite a recent plateau in prices, continued strong demand and limited supply suggest pricing may resume its upward trend if these dynamics persist.