San Pedro Real Estate Market Update – July ’26

Historical market report. Figures and commentary reflect the original reporting period.

For July 2026, the median list price for San Pedro is $1,100,000 with the Market Action Index (MAI) at 42—a seller’s market. Inventory jumped to 57 active homes, which is slightly better compared to the 45 listings in June.

Market Action Index

The MAI at 42 shows the market continues to lean toward sellers, though less than the last few months. Buyers have more opportunities to negotiate, especially on properties that remain on the market longer. Sellers still maintain leverage thanks to relatively low inventory levels compared to demand.

Inventory Trends

Inventory has increased to 57 homes compared to June's 45. Inventory has decreased over the past several months, but remains healthy, which would help buyers who are currently in the market for a new home. With the summer months quickly passing by, we expect inventory to start tapering off as we head into fall.

Median List Price

The median list price is $1,100,000, while the median price of new listings is slightly higher at $1,200,000. This gap suggests that sellers bringing homes to market are pricing homes higher than existing listings for July, as it was in June. This can be an indication that they’re responding to strong buyer demand and market conditions.

Days on Market (DOM)

• Average DOM: 72 days

• Median DOM: 21 days
  
  Homes are moving in about 3 to 9 weeks. Both figures have slighly improved (gone down) compared to June. This split highlights the importance of proper pricing and presentation—desirable and well-priced homes continue to draw offers more quickly.

Price Reductions & Increases

33% of listings have reduced their asking price.

0% have increased in price.

5% have been relisted.

The high share of price reductions confirms that overpricing remains a challenge. Buyers are willing to wait out overpriced homes, while competitively priced properties are generating stronger activity. These figures have stayed fairly consistent over the last several months, potentially signaling more consistency in the market.

Market Segments

Breaking the market into fourths provides a clear picture of activity across price ranges:

Bottom Line

The San Pedro real estate market continues to be in a seller's market, though it still leaves room for buyers to negotiate. With slightly shorter days on market, higher sold prices, and higher listing pricing, the market show that the market still favors sellers. Sellers who adapt with smart pricing and strong presentation will continue to attract offers, while buyers will find the most opportunity in homes lingering past the 60-day mark.

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