Only 11% of Orange County households could afford a median priced home here in November, the same as in October and down 13% from a year ago, the California Association of Realtors reported Thursday.
The median price for an OC home, excluding condominiums, was $695,500 in November, a 1% dip from October and up 10% from a year earlier, according to the association.
Statewide, the percentage of households able to afford a median priced home stood at 14% in November, compared with 19% for the same period a year ago.
The High Desert region is the most affordable in the state, with 24% of households able to buy a median priced home. But even there things have gotten pricey: The November figure is down from the 40% rate seen in the High Desert a year earlier.
