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| Summary of Yearly Housing Sale Data |
The annual report by the REALTOR trade group was publicly reviewed last Wednesday at the Long Beach meeting at the Convention Center by CAR economist Jordan Levine.
What do people want to know first? How much more will houses cost next year.
Here are 3 main points from the CAR economist report for 2025:
- Existing, single-family home sales are
forecast to total 304,400 units in 2025, an increase of 10.5 percent
from 2024’s projected pace of 275,400.
- California’s median home price is
forecast to climb 4.6 percent to $909,400 in 2025, following a projected
6.8 percent increase to $869,500 in 2024 from 2023’s $814,000.
- Housing affordability* is expected to remain stable at 16 percent next year after slipping to a projected 16 percent in 2024 from 17 percent in 2023.
There's much more to this 2025 annual report, which can be shared on request.
If you would like to discuss your home value, please feel free to contact me for conversation. Or, try out this automated home valuation program which will also send you email updates
Julia Huntsman, REALTOR, Broker |
http://www.abodes.realestate |
562-896-2609 |
California Lic. #01188996
