Prices and sales of detached homes in Orange County fell in July from a month earlier, the California Association of Realtors said Thursday.
The median price for a detached OC home sold in July was $710,920, down 2% from June, according to the association.
The record median high for the county is $729,370, set in April. July’s median sales price was up 0.6% from a year earlier.
The pace of OC home sales continued to lag, falling 13.4% in July versus a month earlier. Sales of detached homes in the county were off 33.2% from a year ago.
In June, there was a 31% decline in sales from a year earlier, and May saw a 21% drop.
The realtor association excludes condominium sales from its figures.
Including condos, the median price of a home sold in OC was $639,000 in July, down 1% from a record $646,000 posted in June, according to La Jolla-based market tracker DataQuick Information Systems, a unit of Canada’s MacDonald Dettwiler and Associates.
The statewide July median price of a detached California home was $567,360, a 1.5% decrease from June, and an increase of 5.1% from a year ago, the California Association of Realtors said.
Statewide sales were down 29.9% in July from a year ago, following a 26.3% decline in June.
The median number of days it took to sell a single family home in California was 49 days in July, an increase of three days from a month ago, and up 20 days from a year ago.
Among OC cities, Newport Beach was the fourth-priciest city in the state in July, at an average of $1.4 million per sale.
