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Buying Process, Economy, Market update, Things to do in Santa BarbaraFall 2025 Santa Barbara Real Estate: Housing Market Trends, Mortgage Rates & Local Insights
Fall is here in Santa Barbara! While many families are enjoying soccer season and back-to-school activities, it’s also an important time to look at what’s happening in the local housing market.
Mortgage Rates Fall to 11-Month Low
Mortgage rates have recently dropped to an 11-month low of 6.35%, according to Freddie Mac. This could provide opportunities for buyers and sellers alike.
California Housing Market Forecast 2026
The California Association of Realtors (C.A.R.) released its 2026 forecast with the following highlights:
- Existing single-family home sales are projected at 274,400 units.
- The median home price is expected to rise 3.6% to $905,000.
- Mortgage rates are anticipated to average 6.1%.
Santa Barbara Market Snapshot
New Listings
228 homes hit the market in August.
Turnover
Anything under 4 months of inventory is considered a seller’s market.
Days on Market (DOM)
The average home took about 63 days to sell in August.
Sold Prices
Homes are selling for above 95% of list price.
Local Life: Family and Soccer
Beyond real estate, fall means family gatherings and youth soccer in Santa Barbara. It’s a reminder of the balance between home, community, and lifestyle that makes our city so special.
Client Testimonials
“Etherton Real Estate made the home-buying process seamless. Their market knowledge is unmatched.”
“Professional, responsive, and caring — highly recommend!”
Thinking of Buying or Selling?
If you’re considering making a move in Santa Barbara, now is the time to connect. Let’s discuss your goals and how today’s market conditions can work for you.
