#median-home-prices

#median-home-prices

Greater Boston's housing market shows declining sales but rising prices, reflecting ongoing affordability challenges for buyers.

Despite increased prices in real estate, potential buyers face significant affordability challenges especially in the wake of a recession.

California's home prices rose 3%, but there are notable extremes in housing affordability across different regions.

Southern California's market remains strong, contrasting with a decline in the Bay Area.

October saw the first year-over-year increase in existing-home sales since 2021, influenced by a drop in mortgage rates.

California's median existing single family home price is $806,490, up 2% from January.

Statewide median home price has increased by almost 10% since February 2023.

California's housing market remains unpredictable, with record high median home prices amid high interest rates and a slowing economy.

Housing affordability in California remains dire, with only 16% of households able to afford the median home price of $880,250.

More buyer-friendly market trends are emerging with median home prices decreasing in over half of the largest U.S. markets.

Affordable home inventory is increasing despite rising mortgage rates.

Southern California saw a 7% rise in home sales in January despite the long streak of declines.

Median home price in Southern California in January was $705,000, up over 5% from the previous year's prices.