LOS ANGELES – 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.
However, on a year-over-year basis, home prices rebounded — rising 0.8% after posting the first decline in eight quarters earlier this year — as easing mortgage rates encouraged more buyers to return to the market. With the market transitioning into the off-season, home prices are expected to moderate further as seasonal factors kick in, CAR reported…