Metropolitan Statistical Area (MSA):
Eureka-Arcata-Fortuna, CA is a Metropolitan Statistical Area (MSA) comprising counties including Humboldt County.
There is no doubt that the Eureka-Arcata-Fortuna, CA metropolitan statistical area (MSA) has seen some drastic changes in its housing market over the past few years. The most notable trend has been the sharp increase in home prices, which has caused many residents to reconsider their options when it comes to buying or selling a property.
The median home price in the MSA was just over $300,000 in 2017, but by 2019 that number had jumped to nearly $400,000. This trend shows no signs of slowing down, as more and more people are looking to purchase property in the area. The combination of a strong economy and limited supply of available homes has resulted in this sharp increase in prices.
While some residents have been able to take advantage of these trends by selling their homes for a profit, others have been forced to rent or move to less expensive areas. This has led to an increase in demand for rental properties, as well as a decrease in the availability of affordable housing.
Overall, the real estate trends in the Eureka-Arcata-Fortuna MSA have been largely positive for those who own property but have made it difficult for many residents who are trying to purchase a home. These trends are likely to continue into 2020 and beyond, so anyone considering buying or selling a home should be aware of the current market conditions.