Tuesday, March 17, 2009

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:

At 3/17/2009 7:03 PM, Anonymous Anonymous said...

It never hurts to say what Orange County is in because I believe there are about 10 states with Orange Counties.

 
At 3/17/2009 7:04 PM, Anonymous Anonymous said...

*what state Orange County is in

 
At 3/17/2009 8:50 PM, Blogger OA said...

This story is referring to Southern California.

 
At 3/18/2009 12:48 PM, Anonymous Anonymous said...

But how will people satisfy their need for schadenfreude if the real estate market and the economy generally revive?

 

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