California’s Revised Market Forecast for 2023

The housing affordability in California rose to its highest level in a year during Q1 2023.
The revised forecast for the 2023 housing market projects 280K units sold.
It also shows a statewide median price of $777K.
The 2023 housing market forecast predicts ↓ single-family home sales.
Housing affordability will remain a challenge due to high interest rates and inflation.