The Oxnard, CA metro area housing market in February 2025 presents a dynamic landscape with notable shifts in pricing, sales, and inventory levels. The Median Sales Price has reached $895,000, marking a 5.9% increase year-over-year, while the Median List Price stands at $966,000, reflecting a 7.5% rise from the previous year. This upward trend in prices indicates a robust demand in the market, although the gap between sales and list prices suggests some negotiation room for buyers.

Price Per Square Foot metrics also show an upward trajectory, with the median Price Per Square Foot at $518.24, up 3.6% from last year, and the Median List Price per square foot at $556.20, a 5.5% increase year-over-year. These figures highlight a steady appreciation in property values, albeit at a slightly slower pace compared to overall sales and list prices.

In terms of sales activity, the number of Homes Sold has increased by 1.1% year-over-year, totaling 365 units. Pending Sales have seen a more significant rise of 5.3%, reaching 533 units, indicating a healthy pipeline of transactions in the coming months. New Listings have surged by 16.2%, with 602 properties entering the market, suggesting that sellers are eager to capitalize on the current market conditions.

However, inventory levels have decreased by 9.0% year-over-year, with only 885 homes available, contributing to a tighter market. The Months of Supply have dropped dramatically by 30.0%, now standing at 2.4 months, which underscores the competitive nature of the market and the swift pace at which homes are being absorbed.

The Median Days on Market have increased by 5.0% to 44 days, indicating that while homes are selling, they are taking slightly longer to do so compared to last year. The average sale to list ratio has decreased by 0.5% to 99.3%, and the percentage of Homes Sold above list price has declined by 5.1% to 33.4%, suggesting a slight cooling in buyer competition.

Price Drops have become more prevalent, rising by 17.1% year-over-year to 30.7%, which may reflect sellers adjusting expectations in response to market dynamics. Additionally, the percentage of homes going off-market in two weeks has decreased by 9.2% to 38.5%, indicating that while the market remains active, some properties are taking longer to find buyers.

Overall, the Oxnard housing market in February 2025 is characterized by rising prices and a competitive environment, with a notable increase in New Listings and Pending Sales. However, the decrease in inventory and Months of Supply, coupled with longer days on market and more frequent Price Drops, suggest a market that is adjusting to evolving conditions. Buyers and sellers alike should remain vigilant and informed as they navigate this dynamic landscape.