December 2025 closes the year with all four submarkets showing stable-to-firm pricing and a market that has adjusted to higher mortgage rates rather than rolled over.
Price snapshot, December 2025
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Median prices in Burbank, North Hollywood, Studio City, and Woodland Hills remain well above their pre‑2020 levels, confirming that the bulk of the pandemic-era appreciation has held.
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Month‑to‑month movement into December is modest, pointing to a late‑year market that is balanced rather than overheated or in freefall.
Short‑term momentum
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Over the most recent 6–12 months on the chart, prices trend sideways to slightly up, even as borrowing costs stay elevated, suggesting buyers have reset expectations and are transacting at the new normal.
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Any softness appears as brief plateaus or minor dips rather than a sustained decline, indicating sellers are willing to wait rather than discount aggressively.
Rates and buyer behavior
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By December 2025, 30‑year fixed rates sit well above the ultra‑low levels of 2020–2021 but below the peak readings earlier in the cycle, creating a “less bad” rate environment that has coaxed cautious buyers back into the market.
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The combination of still‑high prices and only slightly improved rates is keeping demand selective, but tight inventory continues to support values in these core Los Angeles submarkets.
Source: CRMLS, author’s calculations; Fannie Mae 30‑year fixed rates.