Palmdale Housing Market is on FIRE!

Palmdale and Lancaster are the principal cities that make up the Antelope Valley Region of Los Angeles County.

Palmdale and Lancaster have a combined population just north of 300,000 residents. There is also strong military and government presence in the region, from Edwards Air Force Base and various aerospace companies.

Over the past 15 months, the Palmdale real estate market has experienced increased demand for housing. This is true for much of the country, in fact. The coronavirus pandemic gave people a renewed appreciation for homeownership, home offices, extra space, and other amenities. This led to a surge and home-buying activity, at a time when real estate market inventory was already low.

Home-price appreciation and sales activity are expected to cool down a bit in late 2022. But it will still be a seller’s market for the foreseeable future, mainly due to the ongoing inventory crunch.