Existing single-family home sales are forecast to rise 2% in 2026, reaching 274,400 units after flat performance in 2025.
The median home price is projected to increase 3.6% to $905,000 in 2026, setting a new statewide record.
The 30-year fixed mortgage rate is expected to decline to 6.0% in 2026, improving purchasing power.
Housing affordability is forecast to rise to 18% in 2026, supported by lower rates and moderate price growth.
