Bakersfield’s housing market is getting out of its winter slumber, local appraiser Gary Crabtree says.
Crabtree released a preliminary report for January. The report says current supplies remain low and sales volume also declined, but future demand increased. That could signal that Bakersfield is transitioning out of the “winter market” where sales slow down.
Crabtree says the affordability index is stable at 54 percent, compared to the state’s average of 27 percent.
Crabtree also writes he expects the local housing market to outperform the rest of the state in the appreciation rate.