FRESNO, CA (KMJ) Realtor.com has ranked the largest 100 metros by their expected sale and price growth rates for their 2024 National Housing Forecast. The study found five of the top eight metropolitan areas predicted to break double-digit growth in 2024 are in the Golden State.
Those metro areas are: Oxnard-Thousand Oaks-Ventura (18%), Bakersfield (13.4%), Riverside–San Bernardino–Ontario, (13.8%), and San Diego-Chula Vista-Carlsbad (11%).
Home sales in the Los Angeles–Long Beach–Anaheim area are predicted to climb 9.2%.
As for Fresno, things are not looking as sunny. Home sales combined with price growth are expected to decline by 6.3%.
| 69 | Fresno, CA | -6.0% | -40.8% | -0.3% | 44.8% | -6.3% |
Sales are expected to remain mostly flat in the San Francisco-Oakland-Berkeley area and decline in San Jose-Sunnyvale-Santa Clara region.
“Among California metros, an interesting split emerges. Five California metros entered our top 10 list of housing markets but none were Bay Area or Northern Californian metros,” Realtor noted.
Nationwide, Toledo, Ohio stood out as the only market on the list that is projected to do better than the average home sales count during pre-pandemic times.
Here’s a look at the top 10:
- Toledo, Ohio
- Oxnard-Thousand Oaks-Ventura, Calif.
- Rochester, New York
- San Diego-Chula Vista-Carlsbad, Calif.
- Riverside-San Bernardino-Ontario, Calif.
- Bakersfield, Calif.
- Springfield, Mass.
- Worcester, Massachusetts-Connecticut
- Grand Rapids-Kentwood, Mich.
- Los Angeles-Long Beach-Anaheim, Calif.
