Climate change risks are warping the housing market
Climate change risks are warping the housing market.
  • 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.
  • That has exacerbated the exodus of residents from areas on the West Coast as home prices sit near record highs.

Climate change is turning up the heat on the housing market.

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.