Orange County’s median home price fell $10,000 in April, reversing a two-month stretch of moderately rising home prices here.
The median price of an Orange County home was $380,000 in April, a 2.6% decrease from March, according to La Jolla-based DataQuick Information Systems, a unit of Canada? MacDonald Dettwiler and Associates.
Median prices here are down 24% from a year earlier and are off 41% from their all-time high in June 2007.
April? sales totals, driven by distressed deals in more affordable parts of the county, were off 1% from March? levels, but still up 10.4% from a year ago. It was the 10th consecutive month that year-over-year sales increased.
The median price of a Southern California home was $247,000 in April, a 1.2% drop from March and a 36% decline from a year ago.
Southland sales totals in April were up 31% from a year ago and up 5% from March. Foreclosure sales?here a foreclosure had occurred at some point in the prior year?ade up about 54% of all Southland sales last month.
Builders last month sold the lowest number of newly constructed homes for an April since at least 1988, according to DataQuick.
