The median price of an Orange County home rose $6,000 from April to May, but sales here continue to lag well below year-ago levels.
The median price of an OC home stood at $635,000 in May, a 1% increase from April, according to La Jolla-based DataQuick Information Systems, a unit of Canada’s MacDonald Dettwiler and Associates.
Prices here now stand $500 above the median of a year ago. The highest median price seen in the county was $642,500, set in June 2006.
Sales in the county continue to show weakness. There were 2,675 OC homes sold in May, down 29% from a year ago. May sales volumes were on par with April’s levels.
The median price for a Southland home was $505,000 in May, a 5% increase from a year earlier. Sales were down 34% from a year ago, making it the slowest May for Southern California sales in 12 years, according to DataQuick.
Sales in Riverside County were down 45% year-over-year, while San Bernardino sales were down 47%.
