The price of an Orange County detached home increased from February to March but was down 1.5% from the median price seen a year ago, the California Association of Realtors said on Tuesday.
The median price for an existing, detached home sold here in March was $706,650, up 2% from February, according to the association.
March’s median price is 3% off from the county’s record high of $729,370, set in April last year.
The pace of local home sales picked up last month, after several months of decreases. Sales here in March increased 33.4% from February, but were down 14.9% a year ago.
The realtor association excludes condominiums from its figures.
Including condos, the median price of an OC home was $629,000 in March, a $9,000 increase from February and a 2.1% drop from the county’s record median price of $642,500, which was set in June, according to La Jolla-based market tracker DataQuick Information Systems, a unit of Canada’s MacDonald Dettwiler and Associates.
The statewide March median price of a detached California home was $580,090, a 3.2% increase from a year ago, and a 3.9% increase from February, the California Association of Realtors said.
Statewide sales were down 20.8% in March from a year ago.
The median number of days it took to sell a single-family home in California was 56 in March, up 12 days from a year ago.
Among OC cities, Newport Beach was the priciest in the state in March, at $1.4 million.
