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This past month, I started hearing from clients who had been quiet for a while, and other agents I’ve talked to are saying the same. Homebuyers who were sitting on the sidelines are reaching out again, asking about what’s happening in the market. Here’s what you need to know.
What’s causing the increase in buyer activity? One significant reason is that mortgage rates are trending downward, and even a slight shift can substantially lower one’s monthly payment. That little break has opened up some of the pent-up demand we’ve been waiting for.
Even with this uptick, buyers are still very price-sensitive. Inventory is tight, and homes that are priced right are moving quickly. On the other hand, homes listed too aggressively are sitting. I’m also seeing fewer multiple offers, less urgency, and more room for negotiation, especially above the $1.5 million mark.
The sweet spot in the active price range right now is between $1 million and $1.5 million. Homes in that range are selling well. Once you get above $1.6 million, things slow down quite a bit.
Home sales. In Fullerton, we had 52 closed sales in August compared to 48 in July. That might not sound like a lot, but it’s unusual for this time of year. Normally, late summer slows down, but lower rates kept things moving.
Median home price. The median price for a single-family home in July was $1,292,500. In August, it dropped slightly to $1,267,000. The average price also slipped, from $1,318,298 in July to $1,286,000 in August.
Meanwhile, Brea had three months in a row of price increases. By August, the median sales price there hit $1,362,429, which is actually higher than Fullerton’s. This shows strong demand in Brea.
Days on market. In Fullerton, homes are selling faster. The median days on market went from 21 in July down to just 12 in August. At the same time, fewer new listings came on, 57 in August compared to 75 in July. A lower supply, combined with lower rates, means homes are selling quickly.
If this trend continues, expect a strong spring market. In Southern California, our spring season starts early. With no snow to slow things down, buyers typically return right after the holidays. If rates continue to trend lower and inventory remains tight, we could see a very busy start to 2026.
So, if you’re a buyer, I encourage you to start exploring your options. And if you’re a seller, let’s plan for the next few months and position yourself to get top dollar. If you’re curious about your numbers, visit our website, FullertonHomeValues.com, for a market analysis.
Whether you’re looking to buy or sell, we’re here to help. Don’t hesitate to reach out if you have questions or need assistance. You can contact Caroline Lee at (213) 505-5141 or caroline@homereadyteam.com. You can also reach me at
(714) 451-4543 or phil@homereadyteam.com. We’ll help you find the best move for you.
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