Q2 2026 WRAP-UP // Lamorinda

Lamorinda’s Q2 2026 market was defined by tightening supply and intensifying competition. The number of homes for sale at quarter-end fell 23.8% year over year to just 96, while the median time on market dropped 25% to an exceptionally fast nine days. More than half of all sales, 53.8%, closed above asking, up from 48.3% last year, and sellers received an average of 102.6% of list price.

Prices remained remarkably resilient. The median sales price held steady at $2 million, while price per square foot edged down just 0.5% to $848. Closed sales decreased 3.0% to 195, but homes going into contract increased 1.0% to 205. That forward-looking strength, combined with sharply lower inventory, suggests limited supply rather than weakening demand was the primary constraint on sales.

City-level results reinforce that story. Moraga led the quarter with a 63.0% surge in sales, a 1.2% increase in median price and an eight-day median market time. Orinda’s median price rose 1.0% as inventory fell 36.4% and homes sold six days faster. Lafayette’s median price declined 9.1%, but price per square foot was unchanged and homes sold in just nine days, pointing more toward a shift in the mix of properties sold than broad-based depreciation.

The broader financial backdrop also provided support. The S&P 500 gained 14.9% during Q2, its strongest quarter since 2020, a meaningful tailwind for an equity-sensitive market like Lamorinda. Mortgage rates remain elevated, but the average 30-year fixed rate was 6.55% in mid-July, below 6.75% one year earlier. Reuters Freddie Mac

The takeaway is clear. Lamorinda enters the second half of 2026 with stable prices, exceptionally fast sales and fewer homes available. Buyers remain engaged, and well-presented, appropriately priced properties continue to command strong competition.