California Housing Market Report & Predictions 2021

Market Report provided by ManageCasa

The California housing market is recovering slowly. Rent price declines have flattened in the Bay Area, and home prices are expected to rise in February. 60% of California Realtors® feel prices and listings will be rising this week in February. Growing vaccinations are likely raising buyers’ and investors’ intent and action, yet listings are shrinking. Year over year, prices and sales of homes are well up. Despite this terrible pandemic, a severe housing shortage, and a shrinking California economy, the housing market is beginning its turnaround.