Housing Market 2024: 10 Most Overpriced Housing Markets in California – GOBankingRates

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After spiking tremendously from the pandemic, housing prices have slowed their stratospheric growth over the past few years. However, homes in many country areas still remain at elevated prices. This is particularly true in a state like California, which typically has some of America’s most expensive real estate. But even with California’s elevated standards, certain markets are still extremely overpriced, according to data from Zillow and other providers analyzed by Florida Atlantic University’s College of Business. Researchers there created a proprietary methodology to see how much of a premium or discount home buyers were getting in each of the top 100 housing markets in the United States at current levels.

Based on this analysis, here are the 10 most overpriced housing markets in California, ranked in reverse order.

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