Spring Momentum Builds
California Home Sales and Prices Tick Higher
After a slower start to the year, California’s housing market is showing early signs of life. A modest dip in mortgage rates helped bring buyers back into the market in February, pushing both home sales and prices slightly higher. While challenges remain—especially around affordability and economic uncertainty—the latest data suggests the spring market may be off to a more active start than expected.
Market Snapshot – February 2026
- Home Sales: 274,820 (↑ 7.0% from January, ↓ 0.3% year-over-year)
- Median Price: $830,370 (↑ 0.9% month-over-month, slight gain year-over-year)
- Mortgage Rates: ~6.05% (down from 6.84% one year ago)
- Days on Market: 29 days (up slightly from 26 days last year)
- Inventory: 4.0 months of supply
Sales Rebound, But Market Still Below Normal
February home sales saw a solid month-to-month increase, a welcome shift after a sluggish January. However, sales remain below the 300,000 annual pace for the 41st straight month, highlighting that the market is still recovering rather than booming.
Encouragingly, pending sales activity suggests we could see further improvement in the coming months—assuming mortgage rates remain relatively stable.
Prices Edge Higher as Spring Approaches
The statewide median home price rebounded to $830,370, marking a modest increase from both last month and last year. This follows a brief dip earlier in the winter and aligns with typical seasonal trends as we head into the spring buying season.
That said, price growth remains moderate, as affordability challenges and broader economic concerns continue to keep a lid on how quickly prices can rise.
Inventory Tightens Slightly
Housing supply dipped to 4.0 months, down from January and flat year-over-year. This marks the first pullback in inventory in over two years, suggesting some homeowners may be holding off on listing amid rate volatility and economic uncertainty.
While inventory is still higher than pandemic-era lows, the pace of growth appears to be slowing—something that could help support prices moving forward.
What This Means for Southern California
In Southern California, the market remains relatively stable but slightly softer compared to other regions:
- Sales were down 0.6% year-over-year
- Prices dipped 0.5% annually
Even so, well-priced homes in desirable areas across Southern California, continue to attract strong interest. With mortgage rates still below last year’s levels, buyer activity could pick up as we move deeper into the spring season—especially if rates stabilize.
Bottom Line
The February data points to a housing market that is gradually regaining momentum here in Southern California, including Long Beach and Orange County. Lower mortgage rates helped bring buyers off the sidelines, lifting both sales and prices. However, the recovery remains fragile. Ongoing economic uncertainty, rate volatility, and affordability constraints will continue to shape the market in the months ahead.
For homeowners and sellers, this means we’re entering a more balanced spring market—where strategic pricing and strong presentation will be key to standing out and achieving top value.
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11271 Lowell Court
Cypress, CA 90630
3 Bed | 2 Bath | 1,622 SF | $1,098,888
Welcome to this Remodeled Patio Home situated on a culde-sac! High ceilings greet you when entering the living room with its newly installed, engineered wood flooring and a cozy fireplace for the cold nights. The primary bedroom on the main floor offers privacy and convenience, while the upstairs loft provides flexibility for additional living space. Kitchen with its new stainless steel appliances, gorgeous counters and a large window overlooking luscious grassy area. Large space for dining area can be utilized for a bonus den area. Upstairs you have two good size bedrooms, gorgeous bathroom, linen closet and a lil nook that could be used for storage or a play house if you have children. Outside, the large patio is perfect for relaxing or hosting outdoor gathering with plenty of room for a BBQ, patio furniture. The home also features a separate laundry room for added convenience. With all of the upgrades and renovations completed, this move-in-ready patio home is truly a gem and the perfect place to call home. Don't miss out on this fantastic opportunity to own a beautifully remodeled property with no connecting walls to neighbors. Award winning schools!!! HOA amenities include 3 pools, 3 clubhouses, spa, tennis court, pickleball, low HOA and lush landscaping thru out the community.
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850 E Ocean Blvd #302
Long Beach, CA 90802
2 Bed | 2 Bath | 1,370 SF | $850,000
Welcome to The Pacific, a luxury high-rise with stunning ocean views. This secure, 24/7 concierge-serviced building delivers resort-style living with direct access to the beach, a state-of-the-art fitness center, pool, spa, beach front fire pit, bbq area, and banquet/meeting room. This 3rd floor, 2 bedroom, 2 bathroom condo features hardwood floors and a private balcony off the living room, perfect for enjoying the ocean view. The kitchen is equipped with granite countertops, stainless steel appliances, including an oven, and dishwasher, combining style and performance. The spacious primary suite features custom closets and an en-suite bathroom designed for comfort, complete with a walk-in soaking tub, separate shower, and dual sinks. The secondary bedroom features a Murphy bed, allowing flexibility for a guest room, office, or additional living space. Other features include new paint, inside laundry with full-size washer and dryer, utility closet and storage space. The area is conveniently located near Shoreline Village, restaurants, shopping, and transportation. Experience elevated coastal living in one of the area's most sought-after oceanfront communities.
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2119 Ridgeview Terrace
Signal Hill, CA 90755
4 Bed | 5 Bath | 3,834 SF | $1,495,000
Welcome to 2119 Ridgeview Terrace Dr, a beautifully maintained four-bedroom, five-bath home nestled in the exclusive gated community of The Terraces at Bixby Ridge in Signal Hill. This home offers a timeless design, quality craftsmanship, and peekaboo views. The thoughtfully designed floor plan features a downstairs bedroom with its own private bath, perfect for guests or multigenerational living. The main level showcases open and inviting living spaces enhanced by custom crown molding, faux-finished walls, and granite countertops that bring elegance and warmth throughout. Upstairs, the spacious primary suite offers a relaxing retreat with a walk-in closet and an ensuite bath. The backyard is a peaceful escape, complete with a custom water feature, high-end brick patio, and a built-in BBQ area ready for your personal finishing touches. Located minutes from Hilltop Park, scenic trails, shopping, and dining, this home blends quality, comfort, and charm in one of Signal Hill’s most desirable neighborhoods.
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360 W Ocean Blvd #B
Long Beach, CA 90802
1 Bed | 1 Bath | 416 SF | $320,000
Welcome to the iconic Sovereign Building, one of Long Beach’s most recognizable historic landmarks located along Ocean Boulevard in the heart of Downtown. This charming studio offers a unique opportunity to own a piece of Long Beach history while enjoying the convenience of coastal urban living. The efficient layout maximizes space and features classic architectural character that reflects the building’s historic Tudor-Gothic design. Located on the building’s lower level, the unit provides a quiet and private setting while still offering easy access to the building’s amenities and the vibrant downtown lifestyle just outside your door. The building permits short-term rentals with a minimum 7-night stay, creating a rare opportunity for flexible coastal living, a second home, or investment potential. Residents enjoy access to shared spaces including a 12th-floor solarium and library with sweeping views of the Pacific Ocean, the Queen Mary, and the Long Beach harbor, along with community laundry and secure building access. Ideally situated just steps from the beach, Shoreline Village, the Pike, Pine Avenue dining, the Long Beach Convention Center, Aquarium of the Pacific, marina, and coastal bike paths, this home offers the perfect blend of historic charm and modern coastal living. Experience historic character, exceptional walkability, and the best of Downtown Long Beach living in one of the city’s most iconic buildings.
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2030 S Cabrillo Ave #206
San Pedro, CA 90731
1 Bed | 1 Bath | 614 SF | $399,999
Stunning Remodeled Condo with Harbor & Mountain Views in Vista Del Oro
Wake up to breathtaking views of the harbor, the iconic Vincent Thomas Bridge, and even snow-capped mountains from this beautifully remodeled 1-bedroom, 1-bath condo perched high in the desirable Vista Del Oro neighborhood of San Pedro. Move-in ready and filled with natural light, this home features an open-concept layout with newer flooring and a bright, sun-drenched living area. Step through the sliding glass doors onto your private balcony and enjoy sweeping views, coastal breezes, and sparkling city lights in the evening. The remodeled kitchen shines with updated cabinetry, stainless steel gas stove, dishwasher, refrigerator, and even a wine fridge—perfect for entertaining. The spacious bedroom offers a large closet with ample storage, while the modern bathroom impresses with stylish flooring, stone counters, a beautifully tiled shower, and contemporary vanity. Additional highlights include gated parking with one assigned space and storage, plus convenient elevator access. This is an exceptional opportunity to own a view property in one of San Pedro’s most sought-after hillside communities.
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3581 Olive Ave.,
Long Beach, CA 90807
4 Units | 1808 SF | $1,095,000
Trophy Spanish Fourplex in Coveted California Heights – Ideal Owner-User or Investment Opportunity! Rarely available, this beautifully maintained Spanish-style four-unit property is located in California Heights, one of Long Beach’s most sought-after neighborhoods. Set on a charming tree-lined street featuring historic homes, this is a true trophy asset offering timeless appeal, strong income, and exceptional lifestyle value. The property consists of four units—two 1-bedroom units and two studios. Three units are currently rented, and one is available for an owner-occupant, or can be rented for an investor looking to increase rental income. Once fully leased, the current gross scheduled income is $76,056 annually, with pro-forma potential of approximately $86,160 based on market rents. Additional features include three private garages and ample street parking. The location is unbeatable—just 2–3 blocks from award-winning Blue Ribbon schools (Longfellow Elementary and Hughes Middle School) and within walking distance to the vibrant shops, restaurants, and cafes of Bixby Knolls. This is a rare opportunity to own a character-rich, income-producing property in a premier neighborhood with long-term upside and undeniable charm.
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133 The Promenade N #319
Long Beach, CA 90802
1 Bed | 1 Bath | 910 SF | $490,000
Modern cosmopolitan condo on The Promenade. Well designed open floor plan. Gorgeous kitchen featuring CaesarStone counters and stainless steal appliances. Living room balcony with views of the lovely courtyard and palm trees. Large primary bedroom with dual closets. Central forced air and AC. Washer and dryer included. FIOS Internet, basic cable & water included in HOA dues. Building offers a modern club room complete w/ TV, sofas, pool table, shuffle board, full kitchen, outdoor social patio bar, courtyard lounge area w/ fireplace, modern fitness center w/ TVs & yoga room. Living in this desirable community you are walking distance to the City of Long Beach Bike Paths, The Promenade, boardwalk, grocery stores, The Pike, the beach, marina, Shoreline Village, jet ski & boat rentals, paddle boarding, Farmers Market, Pine Ave., live music, and all the amazing sites and entertainment downtown has to offer!
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13616 Cornuta Ave.
Bellflower, CA 90706
4 Bed | 1.5 Bath | 1,231 SF | $800,000
Welcome to this charming and spacious 4 bedroom, 1.5 bath home located in one of Bellflower’s most desirable neighborhoods, served by the acclaimed Downey school district. This well-maintained residence features a nicely updated kitchen complete with Corian countertops, a custom tile backsplash, and solid wood cabinetry. The home offers wonderful indoor–outdoor living, with an attached 2-car garage, a long driveway that can easily accommodate up to three additional cars, and a generous backyard with a covered patio ideal for relaxing, entertaining, or play. Located on a quiet street with wide roads and a true neighborhood feel, this home is close to top-rated schools, local parks, great dining, and shopping. Commuters will appreciate easy access to the 105, 91, and 605 freeways, providing quick connections to both Los Angeles and Orange County. Just minutes from St. John Bosco High School, this home blends comfort, convenience, and an unbeatable location—ready for its next owner to enjoy. Some lenders may offer special financing incentives, including down payment assistance or grants, subject to lender availability and buyer qualifications.
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