The 2019 Southern California market recovered strongly, with rate cuts from 4.7% to 3.6% driving 4-6% appreciation, stabilized inventory, and improved sales activity. Heading into 2020, I expected steady 3-5% growth with balanced conditions.
2020 Forecast
Appreciation: 3-5% expected Inventory: 4-5 months (balanced) Interest Rates: 3.5-4.0% likely Activity: Steady throughout year
Key Factors
- Fed rate policy (accommodative)
- Economic conditions (strong employment)
- Inventory (stabilized)
- Affordability (stressed but functional)
Outlook
2020 should be solid, steady market. No explosive appreciation, no correction. Just consistent fundamentals.
This is healthy long-term market condition.
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2020 planning? Understand market fundamentals. Contact me for analysis.