Housing Market 2024 California. The bay area housing market is one of the most expensive and competitive in the country, but in 2023, the frenzy settled down a bit. Housing affordability* is expected to remain flat at 17 percent next year from a projected 17 percent in 2023.

Discover california housing market predictions and forecasts for 2024 to 2025. According to c.a.r.’s 2024 california housing market forecast, the market will experience a significant recovery in 2024, as mortgage rates are expected to decline and more homes become available for sale.