California Housing Market Vitality – August 2019

Eight metro housing markets forecasted to outperform national market
Fourteen markets forecasted to underperform national market

The recently released California Association of Realtors (CAR) 2020 Housing Market Forecast projects a 4.1% increase in California median home prices in 2019 and a 2.5% increase in 2020.  Such aggregate data from economists who have their ears closest to the ground is extremely valuable.  HousingIQ adds actionable details to the headline.

The California housing market is large and diverse with varying local themes driving individual markets. Based on local economic conditions, the Housing Market Vitality Indicators forecast house price trends for over 400 metro housing markets. Within California, HousingIQ tracks 29 metro housing markets that add actionable detail to the headline CAR projections.

As of the August 2019, Housing Market Vitality release, California is not only home to markets that rank in the top 5% of all markets but is also comprised of markets that are in the bottom 5% of forecasted performance.  Currently, 8 of the 29 CA metro markets are forecasted to outperform the national market and 14 metro markets are forecasted to underperform the national market. 

MarketForecastUS Rank
San Jose-Sunnyvale-Santa Clara, CA Outperform 5
Salinas, CA Outperform 14
Fresno, CA Outperform 24
Oakland-Hayward-Berkeley, CA Outperform 29
Oxnard-Thousand Oaks-Ventura, CA Outperform 41
San Francisco-Redwood City-South San Francisco, CA Outperform 52
San Rafael, CA Outperform 83
Anaheim-Santa Ana-Irvine, CA Outperform 93
San Diego-Carlsbad, CA Track 128
Los Angeles-Long Beach-Glendale, CA Track 128
Yuba City, CA Track 128
Chico, CA Track 128
Merced, CA Track 128
Santa Cruz-Watsonville, CA Track 128
Visalia-Porterville, CA Track 128
Madera, CA Underperform 163
El Centro, CA Underperform 169
Santa Maria-Santa Barbara, CA Underperform 193
Modesto, CA Underperform 273
Redding, CA Underperform 304
San Luis Obispo-Paso Robles-Arroyo Grande, CA Underperform 313
Riverside-San Bernardino-Ontario, CA Underperform 320
Napa, CA Underperform 321
Hanford-Corcoran, CA Underperform 330
Bakersfield, CA Underperform 338
Stockton-Lodi, CA Underperform 342
Santa Rosa, CA Underperform 346
Vallejo-Fairfield, CA Underperform 394
Sacramento–Roseville–Arden-Arcade, CA Underperform 398

Contact us to gain additional insights about the over 400 metro housing markets we track on a monthly basis.