Even with slight sales drops, strong prices and better rates show why buyer activity is still healthy across the region.

If you’re thinking about buying or selling a home in Burbank, Glendale, or North Hollywood, you may be wondering what the market looks like right now. The good news is that the numbers from November 2024 to November 2025 show steady activity, rising prices, and improving interest rates. Today, I want to walk you through the key trends and what they mean for you as a buyer or seller.

Home sales stayed steady. Last year, 130 homes changed hands. This year, 127 were sold, which was only a 2% drop. Even with the small dip, the market is still active. Buyers are out there. Sellers are still listing. If you thought the market slowed down, these numbers show that it remains strong.

Home prices continue to rise. The average sales price last year was $1,220,000. This year, the average is $1,278,000. That is a 4% increase. Prices are holding firm and moving upward. This is encouraging for sellers who want to protect their equity. Buyers should keep in mind that waiting can make homes more expensive over time, even with small price increases.

Interest rates are moving in the right direction. Last November, interest rates were 6.678%. This November, rates dropped to 6.144%. That is a 5.34% decrease. This creates about an 8% improvement in affordability. Lower rates help buyers secure a more comfortable monthly payment. Sellers benefit too because lower rates attract more qualified buyers. It is one of the few times when both sides gain from the same market shift.

“Rising prices, steady sales, and falling rates show why Burbank’s market is stronger than many people realize.”

Great programs for first-time buyers. There are many strong first-time homebuyer programs available right now. I have worked with first-time buyers for over 46 years, and I have helped many families get down payment assistance or take advantage of rate buydowns that lower their first few years of payments. These programs make it possible to step into the market even if you feel unsure about how to start. If buying feels out of reach, these tools can make the path much smoother.

Why does this matter as we head into 2026? The market is healthy, prices are rising, and interest rates are improving. If you are thinking about buying, now is a good time to explore your options before rates move again or prices climb more. If you are selling, you are entering a market where buyers are active and motivated, especially with better financing conditions.

As we close out the year, I want to thank you for being part of this community. I wish you and your family a wonderful holiday season and a strong start to 2026. If you have questions about loan programs, rates, or what you qualify for, feel free to call or text me at 818-953-5300 or email me at brad@bradkorb.com. I'm always happy to guide you through the process so you can make confident decisions about your next move.