Avezta Realty International Corp.

Executive Summary

The Burbank, CA real estate market is currently classified as a balanced market. The median asking price is $699K, down 30.0% over the past 30 days.

There are currently 162 active listings, representing 5.8 months of inventory. 67 properties have sold in the past 90 days at a median sold price of $1.2M. Inventory has increased 362.9% compared to last month.

Currently, listings spend an average of 20 days on market and the average price per square foot is $437.

Detached properties make up the largest share of the Burbank market at 62% of active listings with an average price of $913K. Condo listings follow at 22% (avg $553K).

Sales Activity & Absorption

Volume

28
Sold (30d)
67
Sold (90d)
20
Avg DOM
127
New (30d)

Market Signals

50
Price Cuts (30d)
35
New (7d)
85%
Sell-Through
96.3%
List-to-Sale

28 properties sold in the past 30 days, 127 new listings appeared in the past month, 50 sellers reduced their asking price.

Market Balance

Months of Inventory

Seller'sBalancedBuyer's
5.8months
Balanced Market
Sell-Through Rate84.8%
Inventory Change (30d)+362.9%
Site Active Listings162

At 5.8 months of inventory, the market is balanced. Neither buyers nor sellers have a decisive advantage — a good time for realistic pricing and considered offers.

Interest Rates & Affordability

Current Rates

Bank of Canada Policy Rate2.25%
Prime Rate4.45%
Est. Variable Rate (Prime + 0.5%)4.95%

Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.

Estimated Monthly Payment

Based on median price of $699K, 20% down, 25yr amortization
$3,253/mo
at 4.95% variable rate

This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.

Market Outlook

The market is relatively balanced between buyers and sellers. The Burbank market currently has 162 active listings with a median price of $699K and 5.8 months of inventory.

  • Prices declining (-30% in 30 days)
  • High price reduction rate (31% of listings)
  • High sell-through rate (85%)
  • Average price per square foot is $437
  • Sold properties averaged -28 days on market

For Buyers

The Burbank market is balanced. You have reasonable options, but well-priced homes will still draw interest. Get pre-approved and stay informed on new listings. There were 35 new listings in the past week.

For Sellers

Price your home realistically based on recent sales. Focus on presentation and highlight unique features. Well-priced properties are still selling within reasonable timeframes. 50 listings have reduced their price in the past 30 days. The current sell-through rate is 85%.

Search Burbank

Browse all 162 active listings.

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Resources

Market data is calculated from active and recently sold MLS listings as of March 2, 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.

Based on information from California Regional Multiple Listing Service (CRMLS). This data is for informational purposes only and may not reflect all real estate activity in the market. Information deemed reliable but not guaranteed.