Housing Affordability For All Californians Deteriorated In 2023
The affordability gap for Black and Latino households in the Golden State remains wide
The affordability gap for Black and Latino households in the Golden State remains wide
February’s statewide median home price was $806,490, up 2.2 percent
Sales totaled 256,160 in January on a seasonally adjusted annualized rate, up 14.4 percent from December 2023
The organization sued the city over its failure to adopt a housing element in September 2022
Existing, single-family home sales totaled 224,000 last month, down 7.1 percent from December 2022
Existing home sales were down 7.4 percent in November
October’s statewide median home price was $840,360, down 0.4 percent from September
Just 15 percent of California households could afford to purchase the state’s median-priced home in the third quarter of 2023
Last month’s statewide median home price was $843,340, down 1.9 percent from August and up 3.2 percent from September 2022
Housing affordability is expected to remain flat at 17 percent next year from a projected 17 percent in 2023
© 2023 California Listings, Inc.