Metropolitan Statistical Area (MSA):

Bakersfield, CA

Bakersfield, CA is a Metropolitan Statistical Area (MSA) comprising counties including Kern County.

The Bakersfield Real Estate Market: Trends in Housing

There is no doubt that the Bakersfield, CA metropolitan statistical area (MSA) has been one of the hardest hit areas in terms of the housing market crash. However, there are signs that the market is beginning to rebound. Home sales have increased for three consecutive months, and prices have begun to stabilize. Inventories of unsold homes are also falling, which is a good sign for the future of the market.

One trend that is particularly evident in the Bakersfield MSA is the return of first-time homebuyers. This is likely due to a combination of factors, including low interest rates and increasing confidence in the stability of the housing market. First-time homebuyers are an important part of any healthy housing market, and their return is a good sign for the future of real estate in Bakersfield.

Another trend that is evident in Bakersfield is an increase in investment activity from out-of-state buyers. This could be due to a number of factors, including low prices and increasing rents. Whatever the reason, this trend is helping to drive up demand for housing in Bakersfield and should help to support prices as we move forward.

Overall, it seems that things are finally starting to look up for the Bakersfield housing market. Sales are increasing, prices are stabilizing, and there is growing demand from both first-time homebuyers and investors. These trends should help to support a continued recovery in the years ahead.

Cities in Bakersfield, CA


Zip codes in Bakersfield, CA


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