The median price of an Orange County home remained at $629,000 for a second straight month, but dropped marginally from a year ago.
The median price of an OC home was unchanged from March to April, according to La Jolla-based DataQuick Information Systems, a unit of Canada’s MacDonald Dettwiler and Associates. Prices here now stand $1,000 below the median of a year ago.
It’s the second year-over-year decline in prices seen here in the past three months. February’s 0.4% drop was the first decline the county has seen in nearly a decade.
Median prices are now about 2% below the county’s record high, set last June.
Sales in the county continue to show weakness. There were 2,682 OC homes sold in April, down 25% from a year ago. Sales were down 17% from last month.
On a statewide basis, the median home price stands at $505,000, a 6.1% increase from a year ago. Statewide sales were down 29% from a year ago.
