06/25/2026
We're officially at the halfway point of 2026 โ and the South Bay housing market is worth a closer look right now.
Here's what the data is actually showing:
๐ Santa Clara County median home price: ~$1.5M
๐ Homes selling at 105.4% of list price (still above ask, but down from 106.8%)
๐ Days on market: ~32 days (up from 28 last year)
๐ Pending sales up 10.6% year-over-year
The market is still a seller's market โ but the frenzied bidding of 2021 has cooled considerably. Buyers have more time to do their homework, and well-priced homes are still moving.
On the rate side: the 30-year fixed is at 6.51% this week, up slightly from last week following the Fed's June meeting. New Fed Chair Kevin Warsh held rates steady but signaled a possible hike later this year โ not the cut many were hoping for.
What does it mean? If you've been waiting for rates to fall dramatically before making a move, the data suggests it may be time to recalibrate. Rates are likely to stay above 6% through year-end.
I wrote a full mid-year breakdown on the blog this week โ covering all the stats, the rates story, and a plain-English take on who the current market actually favors. Link below.
๐ bit.ly/4v02Syz
If you'd like a real conversation about what today's market means for your specific situation โ whether you're buying, refinancing, or thinking about accessing your equity โ I'm always happy to talk.
