CA Affordability Index Falls To 17 Percent
A minimum income of $201,200 was needed to qualify for the purchase of a $790,020 statewide median-priced home in Q4
A minimum income of $201,200 was needed to qualify for the purchase of a $790,020 statewide median-priced home in Q4
Sales were also down across most of the Bay Area counties month-over-month in December
For the year as a whole, statewide home sales were down 23.1 percent from 2021
In San Francisco proper, the median sold price hit $1.5 million—down 11.4 percent from October 2022
Year-to-date statewide home sales were down 21.2 percent according to the California Association of Realtors
The neighboring Central Valley also saw existing-home sales fall some 36 percent compared to October 2021
October’s statewide median home price was $801,190 down 2.5 percent from September
A minimum annual income of $192,800 was needed to make monthly mortgage payments of $4,820
Generally home to some of the priciest real estate in CA, the Central Coast is looking more affordable these days…
San Mateo County was the only area to see sales increase last month
© 2022 California Listings, LLC