"Housing Crisis Deepens: Record-Breaking Median Home Price Hits $1.7 Million in City. A new milestone has been reached in the ongoing housing affordability crisis, with the median cost of a home in the city soaring to a staggering $1.7 million. This record-breaking figure is a stark reminder of the unaffordability of housing for many residents, as the city's real estate market continues to defy predictions of a slowdown. Experts warn that the escalating prices are pricing out long-time residents and making it increasingly difficult for first-time buyers to enter the market."
The median cost of a home in the city is now $1.7m, a record high, according to the latest figures.
