Orange County Housing Market Report: July 2015
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Median home price is $574,500 with a rental parity value of $588,200. This market’s discount is $13,700.
Monthly payment affordability has been worsening over the last 2 month(s). Momentum suggests worsening affordability.
Resale prices on a $/SF basis increased from $378/SF to $380/SF. Resale prices have been rising for 5 month(s).
Over the last 12 months, resale prices rose 3.5% indicating a longer term upward price trend.
Median rental rates increased $17 last month from $2,648 to $2,665. The current capitalization rate (rent/price) is 4.5%.
Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three months.
Market rating = 8