Will Home Prices Drop In 2023 In California?

San Francisco, Los Angeles, San Diego

2023/02/02

California’s housing market is expected to be weaker than usual due to a slight recession and persistently high-interest rates. Recent data showed a decrease in property prices in California but numbers indicate prices are finding support. Sales ↑ 1.1% MoM in December, but home prices ↓ 4% for the 4th month in a row.