Orange County Housing Market Report: November 2015
Median home price is $595,600 with a rental parity value of $629,200. This market’s discount is $33,600.
Monthly payment affordability has been improving over the last 1 month(s). Momentum suggests unchanging affordability.
Resale prices on a $/SF basis increased from $388/SF to $390/SF. Resale prices have been rising for 9 month(s).
Over the last 12 months, resale prices rose 4.3% indicating a longer term upward price trend.
Median rental rates increased $13 last month from $2,765 to $2,779. 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