Santa Clarita & Southern California Housing Market Update, November 2026

Rates Ease to 7.24% the Week of October 29

Freddie Mac's weekly Primary Mortgage Market Survey for the week ending October 29, 2026 put the national 30-year fixed-rate average at 7.24%, down 8 basis points from 7.32% the prior week, with the 15-year fixed average at 6.60%. It is a modest improvement and the lowest weekly reading since before rates climbed above 7.4% in mid-October. Freddie Mac's next survey releases November 5.

The Federal Reserve added to the sense of stability the week before: it held its benchmark rate at 3.75% to 4.00% at its October 28 meeting, as discussed in my earlier update on the Fed's decision. The practical message for buyers has not changed: plan around the rate you can comfortably afford today, and remember that refinancing is often available later if rates improve.

The Statewide Picture (C.A.R., September 2026)

The California Association of REALTORS released its September 2026 report on October 19, 2026. Statewide, existing single-family home sales ran at a seasonally adjusted annualized rate of 260,410, down 3.4% from August and 6.5% year over year, pulled lower by higher borrowing costs and affordability constraints. The statewide median existing single-family home price was $899,720, up 1.7% year over year and essentially unchanged from August's $901,420. The median price per square foot came in at $434, the sales-to-list price ratio at 98.8%, and the Unsold Inventory Index held at 3.7 months of supply.

Southern California posted the steepest regional sales decline in the state, down roughly 9.1% year over year, and C.A.R. showed Los Angeles County sales down 10.9% from a year earlier. The county's existing single-family median was $946,950 in August, up 1.7% year over year. The headline is neither a crash nor a boom: prices are holding, and volume is pulling back because buyers are rate-sensitive and cautious.

Where Santa Clarita Prices Stand Now

Public trackers vary by methodology and time window, and taken together they tell a consistent story for Santa Clarita: prices are flat to modestly higher than a year ago, and inventory is elevated compared with a few years ago. Redfin's three-month median sale price sits near $807,000 (down about 2% year over year, with roughly 44 days on market). Movoto's September 2026 update, refreshed October 30, shows a median sold price of $919,141 with 162 active listings and about 112 days on market, while RealtyTrac's September figures put the median sold price near $849,100 with 351 sales and more than 1,000 homes listed.

Local agent-market snapshots through October 29, 2026 show roughly 95 recent closings with about 647 homes for sale across the valley, and Saugus's 91350 ZIP code leading at a median around $840,000 with about 28 days on market. The wide range across sources reflects different property mixes, from condos and townhomes to large single-family estates. If you want your neighborhood's real number, the honest answer is a personalized market analysis built on comparable sales, not a single headline figure.

That is a healthy, balanced market. Buyers have more choices and more time to compare than they did a few years ago, and sellers who price against real comparable sales, present well, and market broadly still attract strong interest.

Election Day and What Comes Next

California voters head to the polls today, November 3, and two housing measures are on the ballot: Proposition 1, an $11.25 billion bond that includes $1.25 billion for the CalVet Home Loan Program, and Proposition 37, a $25 billion state-backed homebuyer loan program. I have plain-English guides to both measures, and whatever the outcome, any new program would take time to design and implement, so today's transactions should be planned around today's market. Read my Election Day guide for what to watch tonight.

What already exists and works: for veterans, affordability is stronger than the headlines suggest. VA loans still offer zero down payment, no PMI, competitive rates, and a tax-deductible funding fee starting in tax year 2026. If you have served, your path to ownership may be more accessible than you realize.

What This Means for Buyers and Sellers

For sellers: the first weeks on market carry the most attention, so getting the price right from day one matters more than ever. A home priced against real recent comparable sales, staged well, photographed professionally, and marketed broadly will still attract buyer interest in November. A home that is overpriced will sit, and every week it sits makes the next offer harder.

For buyers: you have more time, more choices, and more room to negotiate than you did a few years ago. With inventory up across the region, you can compare homes carefully instead of rushing an offer. That is a genuine advantage in a market that rewards patience and preparation. Educated decisions create better results.

The Silver Standard, Applied to Today's Market

Whether you are thinking about buying, selling, or simply understanding what your home is worth, the best decisions come from current, local, personalized data, not a generic online estimate. I prepare a customized market analysis for every property I work with, built on real comparable sales, your home's condition, and your neighborhood's specific demand.

Communication matters, and so does service. My goal is to help you make a confident decision that supports your family's goals, without pressure and without hype. Buy Smart. Sell Smart. Silver Smart. How can I serve you?

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