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Redfin spots California’s housing lock
Ever wonder why “For Sale” signs feel rarer lately? A new Redfin analysis of county records through 2025 found that homeowners in several California metros are holding onto their homes for unusually long stretches. That slower turnover leaves fewer listings for buyers to chase.
Redfin found that Los Angeles leads the nation, with owners staying for more than 20 years in 2025, up from 19.4 years in 2024. San Jose ranks second at 18.7 years. When people stay put, fewer homes hit the market, and prices can stay stubborn.
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Redfin explains why owners won’t move
If you bought years ago, moving can feel like trading a deal for a costly unknown. Redfin says many California homeowners have low mortgage rates they don’t want to lose. A higher rate on a new loan can add hundreds each month…