Market Trends: California — May 2026
Key Metrics at a Glance
| Metric | Value | Trend |
|---|---|---|
| Median Sale Price (0-3 Mo) | $1,399,500 | Increasing |
| Median $/SF (0-3 Mo) | $862.20 | Increasing |
| 12-Mo Linear $/SF Change | +7.55% | Positive |
| Months of Inventory | 2.0 | Tight supply |
| Median Days on Market | 16 | Worsening |
| SP/LP Ratio | 100.9% | Strengthening |
| Sales Volume Change (Qtr) | +84.0% | Increasing |
| Anticipated Marketing Time | 30-60 days | Active market |
Analysis
The data reveals broadly consistent movement between overall prices and per-square-foot metrics. The stronger performance in overall median prices relative to $/SF suggests larger or higher-end properties are making up a greater share of recent transactions.
On the supply side, 2.0 months of inventory reflects tight supply conditions in the market. Days on market have remained relatively stable, indicating consistent absorption patterns. The improving SP/LP ratio indicates strengthening seller positioning.
In summary, the market is best characterized as competitive with strong seller positioning. The anticipated marketing time of 30-60 days reflects current absorption rates. The positive 6-month $/SF trend suggests strengthening fundamentals that may support continued price appreciation.
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