![]() Note: The 12-month home-price predictions shown above were issued in late December 2020, which means they apply to most of the 2021 calendar year. ![]() Here are Zillow’s home-price forecasts for California’s ten biggest cities: City They seem to agree with the predictions shown in the previous table, for the most part. In their estimation, home prices in cities across the state will continue to climb over the coming months. The research team at Zillow also issued some positive forecasts for most of California’s real estate markets in 2021. That’s basically what we’ve seen over the past year. Real estate forecasts for that California region predict strong competition among buyers, quick sales, and steadily rising home prices. “Millennial homebuyers, relative affordability, and strong local economies will drive ®’s Top Markets of 2021 … This year’s list in rank order includes: Sacramento, Calif., San Jose, Calif., Charlotte, N.C., Boise, Idaho, Seattle, Phoenix, Harrisburg, Pa., Oxnard, Calif., Denver, and Riverside, Calif.”Īs we wrote in a December 11 blog post, the South Bay Area is expected to be one of the hottest housing markets in the country during 2021. (Oxnard and Riverside also made the top ten.) When you factor in home sales, two California metro areas topped ’s list of hot real estate markets in 2021. Sacramento–Roseville–Arden-Arcade, Calif. ![]() But house values are expected to rise in most cities next year. The South Bay region (Santa Clara County / Silicon Valley) received their biggest forecast for 2021. Below, we’ve listed their 2021 real estate market forecasts for California’s metropolitan areas, in terms of annual home-price growth.Īs you can see, they expect median home values across the state to continue rising in 2021, to varying degrees. ![]() Their outlook included home-price predictions for 100 major metro areas across the United States. This forecast was issued by the housing market research team at, on December 7, 2020. Price Forecasts for California Real Estate Markets, 2021Ī recent set of California real estate market forecasts predicted that home prices would continue to climb at a steady pace in 2021, for the state’s largest cities and metro areas. But what about the future? What can we expect to see in 2021, in terms of home sales, price growth, mortgage rates, and other housing-related trends? In short: more of the same. So that’s where we are right now, at year’s end. It has boosted the broader economy at a time when it was sorely needed.Īs Leslie Appleton-Young, chief economist for the state’s Realtor association, recently put it: “ California’s housing market continues to be the bright spot in the economy…” In fact, the California real estate market has been one of the only bright spots of the past year, from an economic standpoint. And the state’s housing market currently offers plenty of that. In a year filled with troubling news, it’s nice to get a ray of light once in a while. We can expect to see strong demand from home buyers, stiff competition due to limited inventory, rising home values in most cities, and continued low mortgage rates. At a glance: California real estate market forecasts for 2021 predict more of what we’ve seen over the past year or so.
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