The price of an Orange County detached home in November rebounded from October, but still was only 0.5% above prices seen a year ago, the California Association of Realtors said Thursday.
The median price for an existing, detached home sold here in November was $699,200, up 2.6% from October, according to the association.
The record median high for the county was $729,370, set in April. November’s median sales prices are off 4.3% from the county’s record high.
The pace of OC home sales last month dropped 11.3% from October. They were also down 16.7% from a year ago. That’s the smallest year-over-year drop in the past six months.
The realtor association excludes condominiums from its figures.
Including condos, the median price of a home sold here was $616,000 in November, the same price as a year ago, and down 3.4% from the county’s record high of $646,000, set in June, according to La Jolla-based market tracker DataQuick Information Systems, a unit of Canada’s MacDonald Dettwiler and Associates.
The statewide November median price of a detached California home was $555,290, a 1.4% increase from a year ago, and a 0.7% increase from October, the California Association of Realtors said.
Statewide sales were down 22.2% in November from a year ago.
The median number of days it took to sell a single-family home in California was 70 days in November, an increase of 13 days from a month ago, and up 31 days from a year ago.
Among OC cities, San Clemente was priciest in the state in November, at $904,500.
