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Real Estate Trends

January 11, 1998

Median Home Price--Resale (in thousands of dollars)

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Latest Previous Year Date period period ago Los Angeles County Nov $178.1 $182.6 $168.5 Orange County Nov 237.9 236.4 212.9 San Diego County Nov 174.8 186.1 181.8 Ventura County Nov 217.8 220.1 191.1 Riverside/San Bernardino Nov 118.6 115.8 113.0

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Affordability Index (as percentage of households able to afford median price)

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Latest Previous Year Date period period ago Los Angeles County Nov 38% 37% 41% Orange County Nov 38 38 41 San Diego County Nov 38 39 37 Ventura County Nov 44 43 48 Riverside/San Bernardino Nov 56 57 56

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Housing Permits (single family)

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Latest Previous Year Date period period ago Los Angeles County Nov 378 802 359 Orange County Nov 535 938 511 San Diego County Nov 714 943 480 Ventura County Nov 156 92 172 Riverside/San Bernardino Nov 1,149 1,322 807

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* Data for Southland consumer price index and for all charts includes Los Angeles, Orange, Riverside, San Bernardino and Ventura counties. All CPI data is based on an index; 1982-84=100.

Sources: California Assn. of Realtors, Construction Industry Research Board.

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