Housing Tracker: Southern California home prices largely flat in April

Southern California home prices rose just 0.4% from March to April, reaching $884,981, with only 0.7% growth year-over-year, a sharp slowdown from last year's 9% increase. High mortgage rates, rising inventory, and economic uncertainty limit price growth. Zillow forecasts a slight price decline by 2026. Meanwhile, rents dipped in many areas but rose near recent fire zones, with Santa Monica and Pasadena seeing notable increases.