Southern California Housing Sales Increases

Barstow’s Median Home Price of $265,000 From August 2023 is Most Affordable in High Desert

According to the Victorville Daily Press, September 20, 2023, according to a High Desert Housing Report, Barstow homes are the most affordable in the High Desert. The construction of BNSF’s Barstow International Gateway Rail Complex should create the need for more homes to accommodate workers, a local realtor said. There are 57 active listings in Barstow, according to the California Regional Multiple Listing Service. Interest rates are currently in the “high sixes and low sevens” with some talk of a slight reduction in rates in the coming months, according to a local realtor. Mortgage rates have been holding relatively steady, with 30-year mortgage rates hovering right around 7%, according to Business Insider. Barstow’s median home price in August 2023 was $265,000.

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