"California home sellers made more than double what their American peers made last year but that gap is shrinking. My trusty spreadsheet took a peek at stats from Attom dating to 2008 that track the difference between the price a typical homeowner got when they sold vs. their purchase cost in 130 metropolitan areas, including 10 in California. This profit gap and remember we've had years at a loss, too does not include the cost of upgrades, maintenance, mortgage interest or transaction expenses."
"For sellers in California's 10 metros in 2025, the median gain was $265,000. Meanwhile, sellers in the 120 metros outside the nation saw a $107,000 profit. Yes, that's $158,000 extra for the typical California seller. But that's the smallest geographic divide in five years down from $185,000 in 2022 as home prices appreciated more rapidly outside of California in recent years."
"Of course, California's larger dollar gains come with a cost: purchase prices. The typical Californian made the big bucks buying a $422,000 median-priced home and selling it for $687,000. Outside of the Golden State, it was a $215,000 purchase and a $322,000 sale. Additionally, the diminishing profit disparity is seen when evaluating a seller's gain as a portion of the purchase price."
Attom data from 2008 onward track the difference between sale prices and purchase costs across 130 metropolitan areas, including 10 in California. The median seller gain in California metros in 2025 was $265,000 versus $107,000 in 120 metros elsewhere, a $158,000 gap that narrowed from $185,000 in 2022 as prices rose faster outside California. Median California purchase and sale prices were $422,000 and $687,000, respectively, compared with $215,000 and $322,000 outside. The 2025 raw gain measured 63% in California and 50% elsewhere; since 2008 California gains average 50% versus 20% nationally. Profit figures exclude upgrades, maintenance, mortgage interest and transaction costs. Homeowner losses occurred in several years, including during the Great Recession, with California recording median losses in five of the past 18 years.
Read at www.ocregister.com
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