California’s housing market is shifting into a phase of measured, steady growth—a change that brings both opportunities and challenges for buyers and sellers. Projections show home prices rising at a moderate pace of around 3% to 4% annually through 2028, moving away from the dramatic surges of recent years. With approximately 156,300 active listings on the market, there’s noticeably more choice and less pressure to rush decisions, especially as inventory is expected to continue building through 2027.
However, affordability remains a significant concern: only about 18% of California households currently qualify for a typical mortgage, down from 31%. This keeps competition high for entry-level homes. Most properties are still selling close to 100% of their asking price, supported by 30-year fixed rates hovering near 6%, a range that’s expected to hold steady for the time being.
Major urban centers like Los Angeles County may not see a return to previous sales volumes until after 2028, but the broader California market is settling into a more predictable rhythm. My approach has always been to guide clients through these nuanced shifts with honest advice, sharp market insights, and a commitment to keeping the process smooth and informed. Whether you’re thinking about your next investment or planning a move, I’m here to help you navigate this evolving landscape with clarity and confidence.
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