Southern California Real Estate Update | Richard Collins
Market Snapshot: What’s Happening Now • Home Values in the Region Recent data show the six-county Southern California region (including Los Angeles, Orange, Riverside, San Bernardino, Ventura, and San Diego) experienced a slight decline in home values in August — down ~0.7% month-over-month and ~1.7% year-over-year. Los Angeles Times While modest, this marks a fourth consecutive month of year-over-year declines. Los Angeles Times At the same time, one forecast projects home‐price growth of ~3-4% year-over-year for San Diego during 2025-26. • Statewide Overview For all of California in September 2025: - Median sale price: $831,600 , up ~2.0% year-over-year. - Number of homes sold rose ~9.2% year-over-year. - Homes for sale increased ~10.8% year-over-year. - Homes sold above list price dropped to 33.2% (down ~7.9 points). • Mortgage Rates & Inventory Mortgage rates have recently edged lower: e.g., the average 30-year fixed dropped to ~6.27% in the week ending Oct 17, 202...