The median price of an Orange County home fell for a third straight month in September to $626,000, while the number of houses sold here showed the biggest year-over-year decline of any Southland county outside San Diego.
The county’s median home price was down 1.6% from $633,000 in August, according to La Jolla-based DataQuick Information Systems, a unit of Canada’s MacDonald Dettwiler and Associates.
The median price now is down 3.2% from June’s record $646,000.
Still, the September median was up 2.6% from a year earlier, the same as last month, and the smallest yearly increase in nearly seven years.
The number of homes sold in the county dropped 34.6% to 2,664 in September from a year earlier. It’s the 11th straight month of year-over-year declines in sales.
September’s home sales were down 20% from last month.
The sluggish sales pace in OC was seen across Southern California, which is seeing its slowest pace in nine years.
In September, 22,654 Southland homes were sold, a 29% drop from the year before and down 12% from August.
The median price of a Southern California home fell 1% to $484,000 in September from a month ago. That’s up 1.9% from a year ago.
San Diego home prices continue to show the biggest decline among Southland counties. Prices there fell 4.4% from a year ago, to $476,000 in September. The number of home sales in San Diego fell 35% from a year ago.
