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, CAOutperform5
Salinas, CAOutperform14
Fresno, CAOutperform24
Oakland-Hayward-Berkeley, CAOutperform29
Oxnard-Thousand Oaks-Ventura, CA Outperform41
San Francisco-Redwood City-South San Francisco, CA Outperform52
San Rafael, CAOutperform83
Anaheim-Santa Ana-Irvine, CA Outperform93
San Diego-Carlsbad, CATrack128
Los Angeles-Long Beach-Glendale, CA Track128
Yuba City, CATrack128
Chico, CATrack128
Merced, CATrack128
Santa Cruz-Watsonville, CATrack 128
Visalia-Porterville, CATrack 128
Madera, CAUnderperform163
El Centro, CAUnderperform 169
Santa Maria-Santa Barbara, CAUnderperform193
Modesto, CAUnderperform273
Redding, CAUnderperform304
San Luis Obispo-Paso Robles-Arroyo Grande, CA Underperform313
Riverside-San Bernardino-Ontario, CAUnderperform320
Napa, CAUnderperform321
Hanford-Corcoran, CAUnderperform330
Bakersfield, CAUnderperform338
Stockton-Lodi, CAUnderperform342
Santa Rosa, CAUnderperform346
Vallejo-Fairfield, CAUnderperform394
Sacramento–Roseville–Arden-Arcade, CAUnderperform398

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