LA Home Prices Dipped 0.3% in August, Still Up 4.3% From Last Year, Redfin Data Shows

August gave South Bay homeowners a mixed read on prices. Redfin’s Home Price Index, published this week, shows the Los Angeles metro area’s home prices dipped 0.3 percent on a seasonally adjusted basis in August — the softest monthly showing among the large California metros — while remaining 4.3 percent higher than a year earlier.

The rest of coastal Southern California kept climbing, if slowly. Anaheim prices rose 0.1 percent on the month and 5.6 percent year over year; San Diego eased 0.2 percent monthly but held a 3.2 percent annual gain. Nationally, U.S. home prices rose 0.25 percent in August on the Redfin index, the smallest monthly gain in the report’s metro summary.

The LA dip fits the broader late-summer pattern: elevated mortgage rates through August kept transaction volume thin, and thin volume makes the monthly index twitchier. The 4.3 percent annual gain is the more meaningful number for owners — and for context, it trails San Francisco’s 12.0 percent year-over-year pop, a reminder that Bay Area tech wealth is inflating prices far faster than Southern California’s.

For South Bay buyers and sellers, a small monthly dip against a solid annual gain is textbook late-cycle behavior: prices are not collapsing, but the easy appreciation is behind us. Sellers should read it as confirmation that overpricing gets punished quickly, and buyers as a sign that patience — plus attention to homes sitting 30-plus days — keeps paying off.

Source: Redfin — https://www.redfin.com/news/home-price-index-august-2026/

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