Overall home sales in California will increase by 6.3 percent next year, leading 2016 to be the best year for real estate sales activity in the state since 2012, according to a housing forecast by the California Association of REALTORS® (CAR). According to Chris Kutzkey, President of CAR, “Sold job growth and favorable interest rates will drive a strong demand for housing next year.”

Other growth includes median home prices, which are forecast to increase by 3.2 percent in 2016 after a projected 6.5 percent increase this year compared to 2014. The report also states that fixed mortgage interest rates will rise slightly, but still remain at the historically low level of 4.5 percent.

Kutzkey also mentions, “Demand in less expensive areas such as Solano County, the Central Valley, and Riverside/San Bernardino areas will remain strong thank to solid job growth in warehousing, transportation, logistics and manufacturing in these areas.”

ListHub is available to many brokers and agents in the California market through our partnership with CRMLS. These members can sign up for a free webinar to learn about listing syndication and the latest trends in online marketing, plus some of the enhancements available to help you communicate more effectively with clients.

Check out ListHub’s 30 day snapshot below to see CRMLS stats from September:

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