September prices of a detached home in Orange County ticked up from August and were a hair below last year’s figure, while sales continued to slow, the California Association of Realtors said Wednesday.
The median price for a detached home sold here in September was $706,490, slightly up 1.2% from August, according to the association.
The record median high for the county was $729,370, set in April. September’s median sales price was down 0.3% from a year ago. In August, prices saw a 2.5% drop from last year.
The pace of OC home sales continued a decline, falling 32.2% from a year ago. It’s the fourth straight month of year-over-year sales dropping more than 30%.
September’s sales of detached homes in the county were down 11.4% from August.
The realtor association excludes condominiums from its figures.
Including condos, the median price of a home sold in OC was $626,000 in September, down 3.2% from the county’s record high of $646,000, set in June, according to La Jolla-based market tracker DataQuick Information Systems, a unit of Canada’s MacDonald Dettwiler and Associates.
The statewide September median price of a detached California home was $553,050, a 4% decline from August, and an increase of 1.8% from year ago figures, the California Association of Realtors said.
Statewide sales were down 31.7% in September from a year ago.
The median number of days it took to sell a single-family home in California was 54 days in September, an increase of two days from a month ago, and up 24 days from a year ago.
Among OC cities, Newport Beach was the third-priciest in the state in September, at an average of $1.35 million per sale. San Clemente was ninth-priciest, at $940,000.
