Monday Market Update: CAR® 2025 Housing Market Forecast Is Here
See our custom graphic summary!
It’s the last quarter of 2024 and you know what that means – the 2025 real estate projections are rolling in! While there is no crystal ball, there are a lot of economists, analysts, financial advisors and housing industry professionals who have a lot to say abut what may come. As always, we encourage you to use the data available as a basis to perform your own due diligence and make your own informed decisions.
One resource we wanted to add to your library this week is the 2025 California Housing Market Forecast from the
California Association of Realtors®. Just published at the end of last month, you can read the release in full
HERE.
The graphic above summarizes the key points; we also want to add that housing affordability levels are expected to remain the same in 2025 as in 2024.
C.A.R. Senior Vice President and Chief Economist Jordan Levine summarizes that “Price growth is expected to be slower, but the housing shortage will keep the market competitive outside of big economic shocks, so prices will still rise. Assuming a healthy economy in 2025 that slows but doesn’t shrink, home prices should rise modestly across California, with the state’s median price climbing 4.6 percent to reach $909,400 in 2025.”
Note that this data is projected as it pertains to statewide averages and trends; as you know our Silicon Valley micro markets (and all micro markets!) vary greatly. Please be sure to chat with local, active industry experts to ensure you gather the data most relevant to your situation.
Best wishes this October,
Bobbi
Bobbi Decker
DRE#00607999
Broker Associate, Bobbi Decker & Associates
650.346.5352 cell
650.577.3127 efax
www.bobbidecker.com
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Bobbi Decker & Associates fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. For more information, please visit: http://portal.hud.gov/
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