Home prices are 65% higher in places with high-risk air quality as climate change warps the housing market, Redfin report says.
The median sale price in a high-risk metro was $563,710 as of December, far above the $341,483 price in low-risk metros.
Metro areas where air-quality risks are high are seeing median sale prices soar by 65%, according to a Redfin report published on Monday.
That's a median price of $563,710 in high-risk areas as of December — far above the $341,483 median sale price in low-risk metros.
Unsurprisingly, most of those high-risk areas are concentrated on the West Coast, an area that has recently been prone to disastrous wildfires.
Organizations:
Service, Business
Locations:
West Coast, Metro, Los Angeles