Santa Monica Monthly – May 2026

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Home Prices Surge Again, Despite Affordability Strain

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Home values climbed in most metro areas during the first quarter, adding to homeowner equity even as affordability pressures continue to weigh on buyers.

According to the National Association of REALTORS®, 71% of the 235 metro markets tracked experienced price increases, with more than a dozen posting double-digit gains.

The national median price for existing single-family homes reached $404,300 in Q1, reflecting a modest 0.5% increase year over year.

Although annual growth has slowed, the broader trend remains intact. As NAR Chief Economist Lawrence Yun noted, home prices are still rising across many markets, continuing to build housing wealth for a majority of homeowners.

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Source: nar.realtor

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Food Obsession of the Month

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Cobb Egg Salad

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Egg salad is a classic potluck side that really shines during the summer months. While the traditional version is always a favourite, this Cobb-inspired twist takes it up a notch. With bacon, blue cheese, avocado, and tomatoes, it combines all the best elements of a Cobb salad into a fresh, flavour-packed egg salad that’s perfect for BBQs and warm-weather gatherings.

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Source: Delish