As someone who’s been immersed in California real estate for over a decade, I’m seeing encouraging signs of steadier growth in our housing market. Home prices are projected to rise at a modest pace—about 3% to 4% annually through 2028. This shift brings a welcome sense of predictability, rather than the dramatic surges we’ve experienced in the past.
Currently, active listings have reached approximately 156,300 homes across the state, providing buyers with increased options and easing some of the urgency that’s often part of the process. As inventory is expected to continue building through 2027, those looking to purchase may find the landscape a bit less frenetic.
Affordability, however, remains a significant challenge. Only about 18% of California households now qualify for a typical mortgage, down from 31% previously. This keeps entry-level homes extremely competitive, especially in sought-after areas like Whittier and Helendale, where I specialize.
Homes are still selling at nearly 100% of their asking price, with 30-year fixed rates hovering around 6%—a trend expected to hold steady. While larger urban counties such as Los Angeles may take until after 2028 to regain earlier sales momentum, the broader California market is signaling more stability ahead.
Whether you’re considering a move, an investment, or simply want to understand your options, staying informed is key in this evolving market.
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