Orange County Home Prices Drop $12,000 in April
Thursday, May 28th, 2009Orange County Business Journal Staff
The price of an existing Orange County home dropped by $12,000 in April from a month earlier, the California Association of Realtors said on Thursday.The median price for an existing stand-alone OC home sold in April was $432,110, a 2.8% decrease from March and a 27% decrease from a year earlier.
While OC prices declined month-over-month, pricing in all of California inched up 1.4% in April, to $256,700. That’s still a 36.5% decline from a year earlier.
Economists for the Realtor association said it appears that the median price for a home in California is now at or near a bottom.
The Realtor association excludes condominiums from its figures.