Predictions for the Real Estate Market in California
Below is the prospective prediction for the real estate market of California in the coming years:
- According to the California Association of Realtors (C.A.R.), 2025 is looking to be a year of opportunity for the housing market, with home sales and prices expected to rise.
Buyers and sellers are returning to the market as lower interest rates and better housing supply conditions increase. For those curious about what next year’s market will look like, California Builder Services is here to provide you with all the necessary information to make an informed decision on buying or selling.
- The housing supply is expected to increase slightly, with active listings projected to grow above 10%. This will help keep the market competitive while driving prices higher.
According to Fannie Mae, the Mortgage Bankers Association (MBA), and the National Association of Realtors (NAR), total home sales are forecast to climb slightly, with an average of about 5.4 million homes expected to sell in 2025.
- The California Association of Realtors predicts a 10.5% increase in home sales in 2025, with around 304,000 single-family homes expected to change hands, an increase from the projected 275,400 in 2024.
This means more buyers will be actively looking for homes, but competition could intensify, especially in desirable areas like Los Angeles, San Francisco, and Palm Springs.
Seeing the above predictions by a renowned firm as the California Association of Realtors, real estate surely be a booming business for property consultants.
