Orange County Home Prices Up 1st Time in 8 Mos.
Orange County (CA) home prices in February rose for the first time since June, according to DataQuick. The median selling price was $375,000 — up $5,000 from January but still down 27.9% from a year ago. In this most recent period, O.C. shoppers bought 1,879 residences — that is +27.7% vs. year-ago buying activity.
February was the 7th straight month of sales gains vs. the year-ago period. That follows 33 consecutive months where sales failed to beat the previous year’s pace.
See reports here and here.
4 Comments:
It never hurts to say what Orange County is in because I believe there are about 10 states with Orange Counties.
*what state Orange County is in
This story is referring to Southern California.
But how will people satisfy their need for schadenfreude if the real estate market and the economy generally revive?
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