Woodland Hills saw a major boost in buyer activity from May to July 2026. Pending sales jumped by over 51% year-over-year, signaling strong demand and renewed interest in the neighborhood. This uptick points to a more active market and potential opportunities for both buyers and sellers.
In 2026, U.S. home prices are expected to rise modestly around 2%, reflecting stabilization as higher rates cap rapid appreciation.
By 2027, improving affordability and labor-market strength could lift annual price growth closer to 3%, supporting steady market confidence.
During 2028, cumulative gains are forecast to build gradually, with supply constraints in strong regions keeping prices on an upward path.
By 2029, forecasts from Fannie Mae point to total price growth exceeding 15% since 2024, signaling sustainable long-term appreciation.
California housing market is forecast to see modest growth in 2026, with sales rising about 2% and median prices reaching new record levels.
Lower mortgage rates near 6% are expected to improve buyer affordability and support increased housing demand across the state.
Inventory levels are projected to rise slightly, easing competition but not enough to shift the market away from overall seller advantage.
Economic uncertainty, inflation, and insurance costs remain key risks, but overall market sentiment is expected to improve gradually through 2026.
In Early-Q3, LA County's existing single-family median reached $888.1K, sitting just below the $900K threshold after a yearly ↓2.6% from the $911.4K reading.
LA County sales activity also cooled in Early-Q3, with existing home sales ↓0.9% yearly as affordability pressures continued limiting buyer purchasing power.
Analysts tied the slowdown to prices holding near $900K and mortgage rates staying elevated, conditions that kept monthly payments high and recovery constrained.
Mortgage rates averaged in the upper-6% range in Early-Q3, briefly touching a 12-mo peak before easing slightly, though borrowing costs still challenged buyers.
Looking ahead, expanding inventory and rates easing from peak levels could create more favorable conditions for LA County buyers in the coming season.
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A thoughtfully calibrated reduction in impact fees could be a true catalyst for our market: recent analysis suggests that modest cuts across California cities may pave the way for over 8,300 additional homes in Los Angeles and San Diego. What’s particularly compelling is that any initial loss in city revenue is projected to be offset within 4 to 7 years, thanks to the increase in property and sales taxes from new development. For clients seeking opportunity—whether investing, buying, or selling—this kind of policy shift highlights how smart adjustments can stimulate growth, expand housing choices, and ultimately enhance long-term community value. Navigating these evolving dynamics with diligence and a tailored strategy is at the heart of the experience I strive to deliver for each client.
