Home sales in California are projected to rise to 428,300 units in 2018, a slight increase of 1.0 percent from 2017.  Tight supply and low housing affordability continue to hinder market growth and put upward pressure on home prices. The statewide median price of existing single-family homes is expected to reach $582,000, an increase of 8.2 percent in 2018 when compared to the prior year.

2018 Mid-Year California Housing Market Forecast by Leslie Appleton-Young, June 2018: PDF

2018 California Housing Market Forecast by Leslie Appleton-Young, October 2017: PDF