51.5 F
Laguna Hills
Thursday, Mar 28, 2024
-Advertisement-

Home Prices Up on Monthly Basis, Down Slightly Annually

The median price of Orange County home rose by $20,000 from January to February, but dropped marginally from a year ago.

The median price of a home sold here was $620,000 in February, compared to $622,250 a year ago.

The 0.4% drop is the first year-over-year decline here in nearly a decade, according to La Jolla-based DataQuick Information Systems, a unit of Canada’s MacDonald Dettwiler and Associates.

Prices now stand 3.6% below the county’s record high, set in June.

Sales continue to be sluggish. There were 2,449 home sold here in February, down 2% from January and a 16% drop from a year ago.

New home sales are down about 36% from a year earlier, according to DataQuick.

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

Mark Mueller
Mark Mueller
Mark is the Editor-in-Chief of the Orange County Business Journal, one of the premier regional business newspapers in the country. He’s the fifth person to hold the editor’s position in the paper’s long history. He oversees a staff of about 15 people. The OCBJ is considered a must-read for area business executives. The print edition of the paper is the primary source of local news for most of the Business Journal’s subscribers, which includes most of OC’s major corporate and community players. Mark’s been with the paper since 2005, and long served as the real estate reporter for the paper, breaking hundreds of commercial and residential real estate stories. He took on the editor’s position in 2018.
-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-
-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-