California Housing Market Settles Into Steadier Growth

Written by

in

As someone who’s always looking for new ways to bring value to my clients, I’m encouraged to see California’s housing market settling into a more predictable rhythm. Home prices are projected to climb modestly—about 3% to 4% each year through 2028—pointing to steady, sustainable growth rather than dramatic swings. With active listings around 156,300, buyers are seeing more options and less pressure, as inventory is expected to keep building through 2027. Still, affordability remains a challenge: just 18% of California households now qualify for a typical mortgage, down from 31%, making entry-level homes especially competitive. Most homes continue to sell at close to 100% of asking price, with 30-year fixed rates hovering near 6%—a figure likely to hold steady. While large urban hubs like Los Angeles County may need until after 2028 to return to earlier sales volumes, the overall landscape across California is showing a welcome sense of stability. I keep these trends top of mind as I craft innovative strategies for each property I represent, ensuring my clients are always positioned for success.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *