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Real Estate Trends

March 01, 1998

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

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Latest Previous Year Date period period ago Los Angeles County Dec $176.9 $178.1 $163.4 Orange County Dec 238.1 237.9 216.3 San Diego County Dec 191.8 174.8 171.8 Ventura County Dec 225.7 217.8 206.3 Riverside/San Bernardino Dec 114.3 118.6 111.9

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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 Dec 39% 38% 43% Orange County Dec 38 38 41 San Diego County Dec 39 38 41 Ventura County Dec 42 44 44 Riverside/San Bernardino Dec 58 56 57

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Housing Permits (single family)

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Latest Previous Year Date period period ago Los Angeles County Dec 439 378 379 Orange County Dec 494 535 520 San Diego County Dec 706 714 467 Ventura County Dec 203 156 67 Riverside/San Bernardino Dec 1,017 1,149 658

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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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