08/25/2026
Top 5 takeaways from the July 2026 Bakersfield real estate report:
▫️Buyer demand remained strong, despite fewer closed sales.
There were 422 properties under contract, up 3.9% from a year ago. Completed sales fell 4.5% year over year and 10.5% from June. This suggests buyers are still active, but the pace of completed transactions has softened.
▫️Inventory remains the biggest advantage for sellers.
The number of homes for sale was 7% lower than last year, giving buyers fewer choices. Inventory did increase 3.4% from June, so supply is improving somewhat month-to-month.
▫️Prices are still higher than a year ago, but the short-term trend is neutral.
The median was $410,000, up 5.1%. However, both declined from June, and the report labels their six-month trends “Neutral.”
▫️Homes are taking longer to sell.
Average days on market increased to 41 days, up 5.1% from last year and 10.8% from June. Homes sold for an average of 98% of their original list price, indicating sellers are generally accepting some negotiation.
▫️ Buyers appear to have a bit more time and negotiating room.
Sellers can’t necessarily expect an immediate offer at full asking price, so pricing the home correctly from the beginning is increasingly important.
Top 5 takeaways from the July 2026 Bakersfield real estate report:...
