06/08/2026
The April housing market showed strong momentum, but May continued the trend with even more inventory entering the market.
Across the Conejo Valley, we saw home prices increase, sales activity rise, and available inventory grow significantly. While buyers had more homes to choose from, homes also spent slightly longer on the market as increased inventory created more competition among sellers.
Home prices continued to rise as motivated buyers remained active across the region, especially for well-maintained homes in desirable neighborhoods.
At the same time, inventory increased substantially, creating more opportunities for buyers and introducing more competition for sellers.
With more homes available, buyers are taking a little more time to make decisions, causing average days on market to increase slightly. That said, demand remains healthy and homes that are priced strategically and presented well are still performing.
One of the biggest takeaways from May is that more homes actually closed despite increased inventory and slightly longer timelines. Buyers are not just browsing. They are making moves.
The big picture:
Prices → Higher than last month�Inventory → Higher than in previous months�Homes Sold → More than in previous months �Days on Market → Slightly longer time periods
This is not a market favoring only buyers or only sellers, but a more balanced market that rewards preparation, strategy, and realistic expectations.
For sellers: presentation, pricing, and marketing matter more than ever.
For buyers: more inventory means more options and greater flexibility, but the right homes are still moving.
As we head into summer, the Conejo Valley market continues to create opportunities on both sides of the transaction.
Do you have questions about what this means for your move? Send me a message.
Melissa Pepper, ABR®, e-PRO ®, PSA
Top 1% of Realtors Nationwide
Melissa Pepper Realty
📲 (805) 680-5851
📧 [email protected]
💻 www.propertieswithmelissa.com
Sotheby’s International Realty
DRE 02082550
