California Association Of Realtors 2016 Forecast

Basically says we are looking good. Still fairly tight inventory, still low interest rates. California leading the nation in economic job growth.

All good. This right here is a copy & paste from their report :

The California median home price is forecast to increase 3.2 percent to $491,300 in 2016, following a projected 6.5 percent increase in 2015 to $476,300.  This is the slowest rate of price appreciation in five years. 

We all know that the market is location based if course, but I feel very comfortable with their forecasting based upon my experience and what I'm watching happening in my Santa Clarita Valley specialty area.