California Home Sales Forecast to Rise 3.7% in 2027
C.A.R. projects 277,900 existing single-family home sales in 2027, up from 268,100 in 2026, with modest price growth expected.
The California Association of Realtors has released its 2027 housing market forecast, projecting a moderate rebound in home sales statewide amid stabilizing affordability conditions. Existing single-family home sales are expected to reach 277,900 units in 2027, a 3.7 percent increase from the 268,100 units projected for 2026.
The forecast signals cautious optimism for a market that has faced persistent affordability headwinds in recent years. Modest price growth and relatively stable financing conditions are cited as key factors underpinning the anticipated improvement in transaction volume.
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The projected sales increase, while incremental, would mark a measurable step forward for California's housing sector, which has been constrained by elevated mortgage rates and limited inventory. Analysts note that even a modest uptick in sales activity can reflect broader shifts in buyer confidence and market accessibility.
California's housing market remains one of the most closely watched in the nation given its size and influence on national real estate trends. The C.A.R. forecast provides a benchmark that lenders, developers, and policymakers often reference when planning for the year ahead.
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