The price of an existing Orange County detached home took a 4.4% hit from April to May, while sales here remained slow, the California Association of Realtors said on Monday.
The median price for an existing home sold here in May was $714,130, a $33,130 drop from a month ago. Prices in the county now are down 1.4% from a year ago.
The pace of local home sales remains sluggish. Orange County sales declined 21.1% from a year ago, though May’s totals were about 20% higher than in April.
The realtor association excludes condominiums from its figures.
Including condos and newly built homes, the median price of an OC home was $635,000 in May, a $6,000 increase from April and a $500 increase from a year ago, according to La Jolla-based market tracker DataQuick Information Systems, a unit of Canada’s MacDonald Dettwiler and Associates.
The statewide May median price of an existing detached California home was $591,180, a 1.1% decrease from April, but a 4.8% increase from a year ago, the California Association of Realtors said.
Statewide sales were down 25% in May from a year ago.
The median number of days it took to sell a single-family home in California was 51.7 in May, up 7 days from a year ago.
