California

Strength 4 / 5

$1.4M

Carlsbad median price -14.9% YoY

Price-per-sqft also -3.8% YoY, confirming real depreciation vs. mix-shift noise.

Strength 4 / 5

$725K

Folsom median price -10.5% YoY

Price-per-sqft also -1.1% YoY, confirming real depreciation vs. mix-shift noise.

Strength 4 / 5

40 days

Clovis homes taking 40 days to sell — +185.7% vs. a year ago

Homes are sitting materially longer than they were this time last year — the first hard sign of softening demand or over-priced inventory.

Strength 4 / 5

101.1%

Citrus Heights sale-to-list broke above 1.0 — 101.1%

Typical closed deal is now clearing at or over list price; sellers have regained pricing leverage in the last month.

Strength 4 / 5

31 days

Encinitas homes taking 31 days to sell — +93.8% vs. a year ago

Homes are sitting materially longer than they were this time last year — the first hard sign of softening demand or over-priced inventory.

Strength 4 / 5

45 days

Fresno homes taking 45 days to sell — +125.0% vs. a year ago

Homes are sitting materially longer than they were this time last year — the first hard sign of softening demand or over-priced inventory.

Strength 4 / 5

58 listings

Burbank new listings +1350.0% vs. 5-year average for this month

Sellers are putting materially more inventory on the market than is typical for this time of year — buyers should see more selection and less urgency on well-located homes.

Strength 4 / 5

98.8%

Encinitas sale-to-list dropped below 1.0 — 98.8%

Typical closed deal now prints below list; buyers have real negotiating room for the first time in this market's recent cycle.