Orange County Housing Market Report: September 2015
Median home price is $594,000 with a rental parity value of $609,300. This market’s discount is $15,300.
Monthly payment affordability has been worsening over the last 4 month(s). Momentum suggests worsening affordability.
Resale prices on a $/SF basis increased from $384/SF to $385/SF. Resale prices have been rising for 7 month(s).
Over the last 12 months, resale prices rose 3.3% indicating a longer term upward price trend.
Median rental rates increased $30 last month from $2,707 to $2,737. The current capitalization rate (rent/price) is 4.4%.
Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three months.
Market rating = 8