Orange County home prices showed a modest increase in June, though the number of sales in the county showed a sharp decline from a year earlier, according to a report Tuesday.
The median price for a detached OC home sold in June was $725,190, up less than 1% from May, according to the California Association of Realtors.
The record median high for the county is $729,370, set in April. June’s median sales price was up 3.2% from a year earlier.
The pace of OC home sales picked up slightly in June, increasing 1.7% from May. But the sales of detached homes in the county were off 31% from a year earlier, continuing a recent trend.
In May, there was a 21% decline in sales from a year earlier, and April saw 33% drop.
The realtors association excludes condominium sales from its figures.
Including condos, 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 statewide June median price of a detached California home was $575,800, up 2% from May, and an increase of 6.2% from a year ago, the California Association of Realtors said.
Statewide sales were down 26.3% in June from a year earlier, following a 21% decline in May.
The median number of days it took to sell a single family home in California was 46 days in June, an increase of two days from a month ago, and up 18 days from a year ago.
Among OC cities, Newport Beach was the fifth-priciest city in the state in June, at $1.3 million. Laguna Beach, which had the state’s highest median home price in May, dropped out of the top 10 in June.
