Orange County's home prices have soared with a 7.7% overall gain and a median price of $1.37 million, highlighting its unaffordable housing market.
The pressure on home buyers is palpable; an annual income of $349,200 is necessary to afford Orange County's median-priced existing single-family home.
Despite a 4.9% increase in starter-home prices, Orange County's real estate remains highly competitive due to its desirable location and job market.
Comparative trends in other California markets show rising prices but at less painful rates than the dramatic gains seen in Orange County.
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