Even as “stale” home listings climb across the country, California’s housing market remains relatively resilient, with most major metros seeing fewer homes sit unsold compared to the national average, a study has found.
Several major California metros reported lower stale listing rates, according to Redfin, which defines a “stale” listing as a home that has remained on the market for at least 60 days without going under contract.
What Does The Study Show?
The Bay Area continues to lead in market strength, with San Jose, San Francisco, and Oakland posting the lowest shares of stale listings nationwide.
Los Angeles recorded a 44.1% stale share, while Riverside reached 48.8%, which is the highest among major California metros, though still below the national average…