Prices are up, rates are down, and summer inventory is hitting the market. Here's what the numbers look like for Burbank buyers and sellers right now.

I can't believe the kids are already out of school. Time has really flown this year. But as we head into summertime, this is the season where the most inventory hits the market, and that means opportunity on both sides of the transaction.

If you're a buyer, you've got more choices right now than you've had in months. And if you're a seller, this is when the buyers are out and actively looking. It's go time.

Here's your year-over-year snapshot for Burbank, comparing April 2025 to April 2026.

Sales volume. Last April, 160 homes sold in Burbank. This April, that number came in at 144. That's down about 10%, so we're seeing a little less activity on the closed transaction side.

Average sales price. The average sales price last year was $1,218,000. This year, it came in at $1,290,000. That's up about 5%, which means Burbank home values continue to hold strong and appreciate even in a shifting market. If you've been thinking about selling, your home is likely worth more today than it was a year ago.

“More inventory, lower interest rates, and prices that are still appreciating — that's a combination that works for both buyers and sellers.”

Interest rates. Here's the number that might surprise you. Last April, the average interest rate was 6.709%. This April, it's down to 6.313%. That's a drop of nearly 0.4 percentage points, or about a 6% decrease from where rates were a year ago.

What this means for you. So the big picture heading into summer: more inventory, lower interest rates, and prices that are still appreciating. That's a combination that works for both buyers and sellers.

If you're thinking about selling, reach out, and I'll send my stager to your home to give you some ideas on how to make it look fantastic for just a little bit of money. A home that looks great online gets more views, more showings, and a real shot at multiple offers that can drive the price above list.

If you're a buyer, the choices are out there right now. Let's find the right one.

Give me a call at 818-953-5300 or email me at brad@bradkorb.com. You can also visit bradkorb.com for more. I'd love to answer any questions you have.