California real estate has seen unprecedented losses because of the Los Angeles wildfires —but even before the fires, the Golden State's housing market had taken hit after hit. Homes are staying on the market an average 46 days in California in 2024, the same as in 2023, according to Realtor.com®.

High mortgage rates continue to be a drag on home sales and home prices in California, according to the California Association of Realtors, which just released its final numbers for 2024. Data shows that sales of single-family homes increased by roughly 4% year-over-year,