According to the California Association of Realtors, more Californians can purchase a home in the third quarter than in the previous quarter and a year ago. (CAR.org)
Seventeen percent of Califonria households could afford to purchase the $887,000 median-priced home in the third quarter of 2025, up from 15 percent in the second-quarter 2025 and up from 16 percent in the third-quarter 2024. (CAR.org)
A minimum annual income of $223,600 was needed to make monthly payments of $5,590 including principal, interest, and taxes on a 30-year fixed-rate mortgage at 6.67 percent interest rate. (C.A.R.org)
Twenty-seven percent of home buyers were able to purchase the $649,990 median-priced condo or townhome. A minimum annual income of $163,000 was required to make a monthly payment of $4,090 CAR.org)
C.A.R. reports that cooling market competition and an increase in available housing helped moderate home prices and allowed more Californians to buy in the third quarter.. (CAR.org)
This report is written by Michael Bloom, Realtor with the Agency in Calabasas and a Hidden Hills resident since 1977.
Feel free to reach out to me with any questions, concerns or free valuation of your home.
