November 2026 Market Report

Mortgage rates are holding near 7%: 7.17% on the 30-year fixed (Mortgage News Daily, Nov 6), with Freddie Mac's weekly survey at 7.18% (Nov 5).

The Los Angeles Metro market is steady: median home price $855,000 — up 0.6% from last month and up 3.0% from last year — with homes taking a median of 33 days to sell.

Buyers are singing: 'Just wait until rates drop to buy.' But when rates go down, so does affordability of competition... Buyers should ask: are you buying a home or buying a rate?

Wondering what your home is worth in today's market? Call me. Carolyn Vazquez, Realtor® Direct: 909-223-6904.