California Home Sales Forecast to Rise 3.7% in 2027
C.A.R. projects existing single-family home sales to reach 277,900 units in 2027, driven by modest price growth and stable affordability.
California's housing market is expected to gain momentum heading into 2027, with the California Association of Realtors projecting a 3.7 percent increase in existing single-family home sales, according to its newly released annual forecast.
The trade group projects 277,900 units will change hands in 2027, up from an estimated 268,100 units in 2026. The anticipated uptick reflects improving conditions across the state's historically competitive real estate landscape, where affordability has long constrained buyer activity.
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C.A.R. cited modest price growth and relatively stable affordability as key factors underpinning the outlook. Those conditions, if sustained, could encourage fence-sitting buyers to re-enter a market that has faced persistent headwinds from elevated mortgage rates and limited inventory in recent years.
The forecast signals cautious optimism for California real estate stakeholders, including agents, developers, and policymakers grappling with the state's chronic housing supply shortfall. A 3.7 percent sales increase, while incremental, would represent a meaningful directional shift after a prolonged period of subdued transaction volume.
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