According to the California Association of Realtors, California home sales are expected to rise next year, with modest price growth and stable affordability. (CAR.org)
Existing single-family home sales are forecast to total 277,900 units in 2027, an increase of 3.7 percent from 2026's projected sales pace of 268,100. (CAR.org)
California's median home price is forecast to rise 1.4 percent to $894,400 in 2027, following a projected 0.8 percent increase to $882,200 in 2026 from 2025's $875,600. (CAR.org)
Housing affordability is expected to remain unchanged at 20 percent next year after increasing to a projected 20 percent in 2026 from 19 percent in 2025. (CAR.org)
According to C.A.R.'s President, Tamara Suminski, "We'll start to see market conditions move in a more positive direction for California homebuyers and sellers next year."
She adds, "At the same time, an improved but still limited availability of homes for sale will contribute to continued strength in home prices. As confidence picks up and mortgage rates ease, we expect more people who have been waiting on the sidelines to make their move in 2027."
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