We're seeing a shift across the country as sellers adjust their expectations—median listing prices per square foot dropped about 2% year-over-year in mid-Q3, marking the tenth straight month of annual declines. This change has opened up opportunities for homebuyers, with more owners trimming their asking prices as we transition into autumn. Years of fast-paced price growth are giving way to a more balanced market.
With higher mortgage rates and some economic uncertainty, many buyers are taking their time to consider all their options, double-checking financing and value before making a move. As property owners ourselves and with decades spent leasing and selling in L.A., Ventura, and Riverside Counties, we know firsthand how quickly a seasonal slowdown can affect momentum. Many sellers are now willing to negotiate, aiming to secure strong deals before winter sets in.
If you’re pre-approved, the expanding inventory could be your window to explore neighborhoods, compare choices, and negotiate terms that once seemed out of reach. Protecting your investment and finding the right fit—whether it’s a home or a tenant—comes down to timing and experience. We’re here to help you make the most of this evolving market.
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