Real Estate Economic update for September 2020 in US and Calabasas
Real Estate Economic update — originally published for the week ending September 26, 2020. Updated for 2026.
Mortgage rates
As a point of historical reference, the September 24, 2020 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate averaged 2.90%, the 15-year fixed averaged 2.40%, and the 5-year ARM averaged 2.90%. Those record-low pandemic-era rates have since shifted considerably. As of 2026, mortgage rates have stabilized at higher levels compared to those historic lows, making it more important than ever to work with an experienced local agent who can help you navigate financing options and identify the right moment to buy or sell.
U.S. existing-home sales and prices soared in August 2020
The National Association of Realtors reported that U.S. existing-home sales hit 6 million in August 2020 on a seasonally adjusted yearly basis — 10.5% higher than in August 2019 and the highest monthly total since December 2006. Prices surged as well, with the national median home price jumping more than 11% from the prior year. That momentum set the stage for the sustained appreciation that Calabasas and surrounding communities have continued to experience in the years since.
Calabasas
Calabasas home values have continued to climb well beyond the levels seen in 2020, when the median house price was approximately $1.45M — already about 15.2% above the prior year. The real estate market in Calabasas and Hidden Hills has remained resilient through multiple market cycles, consistently attracting buyers who value privacy, top-rated schools, and the area’s distinctive lifestyle. The market adaptations that began during the pandemic have largely become standard practice, and demand for luxury properties in the area continues to be strong heading into 2026.
Here is a current Calabasas Real Estate Market Review with the Calabasas homes for sale review and recent sales history.
This content is currently unavailable. Please check back later or contact the site's support team for more information.
If you are interested in selling your home in Calabasas or surrounding areas, please contact David Salmanson, your best Calabasas realtor at 818-421-2170
