A typical studio will now run you north of $2,300 a month. The price of a median home is rising much faster than the median income. And as a result, just 14 percent of homes on the market in the metropolitan area last year were within reach of the local median income.
By now, this may be belaboring the point, but this latest piece of perspective is just breathtaking: 43.5 percent of the homes for sale in metropolitan San Francisco as of earlier this month were listing for $1 million or more.
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