CALIFORNIA ASSOCIATION OF REALTORS Market Forecast for 2025

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 report, which can be shared when it is fully available.

Julia Huntsman, REALTOR, Broker | http://www.abodes.realestate | 562-896-2609 | California Lic. #01188996