Orange County homes prices rose to another high in June, even as sales for the month showed another steep drop from a year earlier.
The median price of a home sold in OC was $646,000 in June, up 7% from a year earlier, according to La Jolla-based market tracker DataQuick Information Systems, a unit of Canada’s MacDonald Dettwiler and Associates.
The June figure is up $11,000 from last month. May’s $635,000 median price had been the county’s previous high.
The number of homes sold in the county continued to slow in June, dropping 26% from a year ago. A total of 3,608 homes were sold in the county last month, which is up from the 3,113 homes sold in May.
There were 3,276 sales in April and 3,910 in March.
OC’s price increases and sales declines largely mirrored the trend seen across Southern California.
The median price paid for a home in Southern California set a record in June, coming in at $493,000. That is up 1.6% from last month and up 6% from a year ago, according to DataQuick.
The 6% year-over-year increase was the smallest seen since May 2000.
More than 29,000 new and existing homes were sold in Southern California in June, down 18% from a year ago. It was the slowest June in seven years for Southland home sales.
San Diego had the worst month. The June median price was $488,000, down $2,000 from last month and $5,000 from a year ago. June sales in San Diego also dropped 24% from last year’s totals.
OC remained the most expensive in Southern California by median price last month. Ventura was the second most expensive county, at $627,000, up from $586,000 last month.
