What the Latest Numbers Say About Where We’re Headed
Even with interest rates still hovering higher than we’d like, the San Fernando Valley housing market isn’t standing still it’s shifting. Inventory is building, buyer behavior is changing, and the numbers from April 2025 tell a story.
Condo Market: Inventory Rises, Sales Cool
- Median Sale Price: $630,000 (+1% YoY)
- New Listings: 262 (+6% YoY)
- Active Listings: 572 (+40% YoY)
- Pending Sales: 88 (–42% YoY)
- Closed Sales: 161 (–6% YoY)
- Average Days on Market: 38 days (+11 YoY)
- Months of Inventory: 3.6 months
- YTD Total Sales Volume: $0.35B (–8% YoY)
The condo market is seeing the effects of rising supply and hesitancy among buyers. Especially when dealing with HOA insurance issues and dues increasing. Active listings surged 40% over last year, but pending sales dropped sharply down 42%. That imbalance pushed market times up by 11 days, and sales volume dipped 8% year over year. Even with all that, prices held up just 1%. It’s a sign that while demand is softer, sellers aren’t panicking. Yet.
Single Family Homes: Demand Holding Stronger
- Median Sale Price: $1,083,000 (–2% YoY)
- New Listings: 1,094 (+9% YoY)
- Active Listings: 2,053 (+40% YoY)
- Pending Sales: 350 (–40% YoY)
- Closed Sales: 618 (+16% YoY)
- Average Days on Market: 31 days (+3 YoY)
- Months of Inventory: 3.3 months
- YTD Total Sales Volume: $2.71B (+3% YoY)
It’s interesting to see the single family market moving in a different direction. While inventory also shot up 40% YoY and pending sales dropped 40%, closed sales actually increased by 16%. Buyers are clearly still active, and though prices slipped a modest 2%, total dollar volume is up 3% year over year. This suggests stronger buyer confidence at higher price points likely cash buyers or those less affected by interest rates.
What Does It All Mean?
Buyers have more options than they’ve had in years, but they’re being deliberate. Rising inventory across both segments points to a more balanced market though it’s not quite a buyer’s market yet.
The increased days on market and drop in pending sales show that buyers are taking longer to make decisions, especially for condos. But the jump in closed single family home sales tells us that when the right property hits at the right price, deals are happening.
Looking Ahead
- Expect a more neutral market as listings pile up, sellers have to be realistic in a market where buyers are dealing with affordability issues.
- Interest rates remain a headwind
- Spring and summer activity and political economic winds will determine whether this market normalizes or tilts further in buyers’ favor.
If you’re thinking of buying, selling, or just trying to make sense of this market, let’s talk. There’s opportunity in every cycle especially for those who understand the trends.
If you are in the Los Angeles area, and have any questions or real estate sales or financing needs, feel free to contact me
Ron Henderson GRI, SRES, SFR, RECS, CIAS, CREN, GREEN
President/Broker
Multi Real Estate Services, Inc.
Gov’t Affairs Chair – Southland Regional Association of Realtors (2025)
Gov’t Affairs Chair – California Association of Mortgage Professionals (2017-2018)
Chairman – OutWest Marketing Meeting (Real Estate Education)
BRE #00905793 NMLS #310358
www.mres.com
ronh@mres.com
Specialist in the Art of Real Estate Sales and Finance
Real Estate market, mortgage rates, Los Angeles, San Fernando Valley, Conejo Valley, Simi Valley, Woodland Hills, West Hills, Calabasas, Chatsworth
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