The median price of an Orange County home fell for a fourth straight month in October to $625,000, while the number of houses sold here showed the biggest year-over-year decline of any Southland county.
The county’s median home price was down $1,000 from September, according to La Jolla-based DataQuick Information Systems, a unit of Canada’s MacDonald Dettwiler and Associates.
The median price now is down 3.4% from June’s record $646,000. The October median was up 3.1% from a year earlier, a slight increase from September.
The number of homes sold in the county dropped 24.9% to 2,715 in October from a year earlier. It’s the 12th straight month of year-over-year declines in sales.
October’s home sales were up 2% from last month.
The sluggish sales pace in OC was seen across Southern California, which saw its slowest October in a decade.
The Southland saw 22,117 homes sold last month, a 22% drop from the year before and down 2.4% from September.
The median price of a Southern California home was $484,000 in October, holding steady from September. That figure was up 2.3% from a year ago.
San Diego County saw the biggest decline in Southland home prices. Prices there fell 5.5% from a year ago, to $485,000 in October. The number of homes sold in San Diego fell 21% from a year ago.
