Sixteen percent of Los Angeles metro area households could afford to purchase the $837,060 median-priced home in the third quarter of 2025, up from 14% in the second quarter and up from 15% from the third quarter last year, the California Association of Realtors announced Thursday.
The statewide median price of existing single-family homes in California fell 2.0% in the third quarter of 2025 compared to the previous quarter, reflecting a cooling in market competition, CAR determined.
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