The month of June 2025 saw the most active listings in any month going back more than five years, recording 1,151 active listings for the month, up from 1,138 in May.
The median sales price in the South Bay also hit it’s largest record at $1.2 million surpassing the market’s prior peak in May 2022.
The uptick in active listings could be interpreted in different ways. For buyers, it represents possible opportunity with more homes currently on the market. With interest rates expected to lower soon, buyers should expect to find better deals with increased supply.
But while active listings are up, new listings on the month were actually down for the month of June to 466 from 525 in May. While the trend in new listings has been trending upward this year, the levels are not what they were five years ago when in July 2020 the South Bay saw 665 new listings.
