As someone who has guided buyers and sellers through every twist and turn in the Southern California market for more than two decades, I’m always tracking the numbers that shape our local real estate landscape. Recent forecasts show U.S. home price growth at 2.2%, but here in California, we’re looking at a more modest 0.5% to 1.5%, largely because affordability remains a real challenge and we’re seeing less movement in the market. While national sales activity is projected to increase by about 1.7%, California is still trailing behind—high borrowing costs are a major factor, especially in our luxury neighborhoods. Inventory is expected to climb in step with the national average of 8.9%, and in coastal metros like ours, the increase could be a bit higher as homes take a little longer to find the right buyer. With mortgage rates hovering around 6.3%, upward momentum on prices is held in check, particularly in our major cities. Whether you’re thinking about buying or preparing to sell in Encino, Tarzana, Calabasas, Woodland Hills, or the surrounding areas, understanding these trends is key to making smart moves in today’s market.
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