Home prices in Orange County hit another record high in April, but sales volumes continued to show a decline.
The median price of a home sold in OC was $628,000 in April, up 9% from a year earlier, according to La Jolla-based market tracker DataQuick Information Systems, a unit of Canada’s MacDonald Dettwiler and Associates.
The April figure is up $5,000 from last month. March’s $623,000 median price had been the county’s previous record high.
The number of homes sold in the county continued to slow in April, dropping 28% from a year ago. A total of 3,276 homes were sold in OC last month, compared to 3,910 in March.
A total of 24,748 new and resale homes were sold in Southern California in April. That was down 16% from March, and down 21% from April last year.
It was the slowest April since 2001, and the steepest year-over-year decline in 11 years, in terms of Southern California sales volume.
The median price paid for a home in Southern California was $485,000 in April, down $1,000 from revised March figures, which were originally said to be $501,000.
The March median price for a Southern California home was up 9% from a year ago.
OC remained the most expensive in the region by median price last month. Ventura was the second most expensive county, at $584,000, down from $610,000 last month.
The typical monthly mortgage payment paid by Southern California buyers in March was $2,354, up 13% from a year ago.
