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.