The annual prices of homes and condominiums that changed owners during 2025 in the San Fernando Valley rose to record highs while home sales fell 5%, the Southland Regional Association of Realtors reported today.
Local Realtors assisted the close of escrow of 7,715 homes and condominiums from January to December 2025. Those transactions generated $9.79 billion for the local economy of the San Fernando Valley and Greater Los Angeles. That tally does not include the added millions of dollars home sales often yield in related services, ranging from new appliances and home remodels to landscaping and new furnishings.
Of that total, 5,987 were single family homes and 1,728 were condominiums. After posting a positive annual number in 2024, San Fernando Valley home sales fell 4.6% in 2025.Condominium annual closed escrows increased by eight sales to 1,728, up 0.5% from a year ago. “Real estate professionals had great expectations for the 2025 local housing market,” said Nicole Stinson, the 2026 President of the 10,000 member Southland Regional Association of Realtors. “Yet it often felt like buyers and sellers were stuck, hesitant to commit given economic and job uncertainties. An expanded inventory kept the market moving forward while interest rates that were trending down made many purchases possible.
“With the hope of additional drops in interest rates,” Stinson said, “perhaps this new year will see more families achieve their dream of owning a home.”
The association reported that the 5,987 single-family homes sold during 2025 had an annual median price of $1.1 million, up 3.5% from a year ago and setting a record. It was only the second time since SRAR started reporting statistics in 1987 that the median broke through the $1 million benchmark.
The condominium annual median price came in at a record $675,727, up 9.9% from 2024.
“Home and condo annual resale prices have been steadily increasing since recovery from the Great Recession began in 2012,” said Valerie Biletsky, the association’s Chief Executive Officer. “With only one exception – 2023 – prices have soared in every year as inventory tightened and competition for homes increased.
“Eliminating even a few of the many qualms about the direction of the economy will bolster the confidence of prospective homebuyers. I’m hoping we’ll see sales improve in 2026 by about 3% to 6%.”
Combined pending sales – a measure of future closed escrows – fell 24% to 411 open escrows. Properties listed on the market spent an average of 41 days, up two days from December 2024.
SRAR’s Income-to-Loan guide for December found that an income of $155,456 was needed to qualify for an 80% loan of $493,600 on a San Fernando Valley median-priced condominium of $617,000. With the national average interest rate at 6.29% during December – the lowest since December 2024’s 6.31% and well below the 7.79% of October 2023 – the income needed to qualify increased 5.2% compared to a year ago. The monthly PITI — principal, interest, taxes and insurance payments — totaled $3,886.
The Southland Regional Association of Realtors is the voice for real estate in San Fernando and Santa Clarita Valleys.
The annual prices of homes and condominiums that changed owners during 2025 in the San Fernando Valley rose to record highs while home sales fell 5%, the Southland Regional Association of Realtors reported today.
Local Realtors assisted the close of escrow of 7,715 homes and condominiums from January to December 2025. Those transactions generated $9.79 billion for the local economy of the San Fernando Valley and Greater Los Angeles. That tally does not include the added millions of dollars home sales often yield in related services, ranging from new appliances and home remodels to landscaping and new furnishings.
Of that total, 5,987 were single family homes and 1,728 were condominiums. After posting a positive annual number in 2024, San Fernando Valley home sales fell 4.6% in 2025.Condominium annual closed escrows increased by eight sales to 1,728, up 0.5% from a year ago. “Real estate professionals had great expectations for the 2025 local housing market,” said Nicole Stinson, the 2026 President of the 10,000 member Southland Regional Association of Realtors. “Yet it often felt like buyers and sellers were stuck, hesitant to commit given economic and job uncertainties. An expanded inventory kept the market moving forward while interest rates that were trending down made many purchases possible.
“With the hope of additional drops in interest rates,” Stinson said, “perhaps this new year will see more families achieve their dream of owning a home.”
The association reported that the 5,987 single-family homes sold during 2025 had an annual median price of $1.1 million, up 3.5% from a year ago and setting a record. It was only the second time since SRAR started reporting statistics in 1987 that the median broke through the $1 million benchmark.
The condominium annual median price came in at a record $675,727, up 9.9% from 2024.
“Home and condo annual resale prices have been steadily increasing since recovery from the Great Recession began in 2012,” said Valerie Biletsky, the association’s Chief Executive Officer. “With only one exception – 2023 – prices have soared in every year as inventory tightened and competition for homes increased.
“Eliminating even a few of the many qualms about the direction of the economy will bolster the confidence of prospective homebuyers. I’m hoping we’ll see sales improve in 2026 by about 3% to 6%.”
Combined pending sales – a measure of future closed escrows – fell 24% to 411 open escrows. Properties listed on the market spent an average of 41 days, up two days from December 2024.
SRAR’s Income-to-Loan guide for December found that an income of $155,456 was needed to qualify for an 80% loan of $493,600 on a San Fernando Valley median-priced condominium of $617,000. With the national average interest rate at 6.29% during December – the lowest since December 2024’s 6.31% and well below the 7.79% of October 2023 – the income needed to qualify increased 5.2% compared to a year ago. The monthly PITI — principal, interest, taxes and insurance payments — totaled $3,886.
The Southland Regional Association of Realtors is the voice for real estate in San Fernando and Santa Clarita Valleys.
