Orange County Housing Market Report: June 2015
Median home price is $564,400 with a rental parity value of $593,400. This market’s discount is $29,000.
Monthly payment affordability has been worsening over the last 1 month(s). Momentum suggests unchanging affordability.
Resale prices on a $/SF basis declined from $377/SF to $377/SF. Resale prices have been falling for 1 month(s).
Over the last 12 months, resale prices rose 3.5% indicating a longer term upward price trend.
Median rental rates increased $22 last month from $2,599 to $2,621. 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