California Home Sales Forecast to Decline in 2019 – NMP Skip to main content

California Home Sales Forecast to Decline in 2019

Oct 11, 2018
The Building Industry Association of Southern California (BIASC) has introduced the California Investor Report

California home sales will end 2018 at a lower level for the first time in four years while the 2019 market is poised to be weak, according to a new economic forecast released by the California Association of Realtors (CAR).
 
CAR is predicting a 3.3 percent decline in single-family home sales next year that will total 396,800 units, down from the projected 2018 sales figure of 410,460. The 2018 figure is 3.2 percent lower compared with the 424,100 total of homes sold in 2017.
 
But while sales may decline, prices will not tumble with them. CAR forecasts the California median home price will increase 3.1 percent to $593,450 in 2019, following a projected seven percent increase in 2018 to $575,800.
 
“While home prices are predicted to temper next year, interest rates will likely rise and compound housing affordability issues,” said CAR President Steve White. “Would-be buyers who are concerned that home prices may have peaked will wait on the sidelines until they have more clarity on where the housing market is headed. This could hold back housing demand and hamper home sales in 2019.”
California home sales will end 2018 at a lower level for the first time in four years while the 2019 market is poised to be weak, according to a new economic forecast released by the California Association of Realtors (CAR)

 
About the author
Published
Oct 11, 2018
Strong Jobs Report Threatens Mortgage Rate Rally

October hiring more than doubled expectations, pushing Treasury yields higher

Nov 06, 2026
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Oct 09, 2026