So What’s in Store for Real Estate?
Well, according to the California Association of Realtors (CAR), quite a bit will happen in real estate in 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.
All this sounds like our real estate market will become more stable, and many more buyers and sellers will be in the marketplace next year.
There are opportunities for both buyers and sellers. We can help you make the best decisions for you and your families. Please call 949-500-6365, email Frank@FrankDiLauro.com, or through our website www.FrankDiLauro.com.
