Surge of Orange County Homebuying Continues ~ Median Sold Prices Up

What's causing the Orange County home sales market to continue on the upswing?  Is it jobs?  Or consumer confidence?  Or that the market was so low that buyers are smart enough to take advantage?  Or is it the best weather in the world?

 

Orange County median home sold price was at $441,000 for 22 business days ending Dec. 16, and the last time it was higher was July 2008.

 

This current OC median sold home price is +10.3% vs. a year ago but still 32% below June 2007’s peak of $645,000.

 

This recent median of $441k is 19% above the cyclical low hit in January 2009 at $370,000, which was the current bottom and 43% below the peak.

 

Let's keep this good homebuyer market moving.

 

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Harrison K. Long, Explore Group, Coldwell Banker Previews, Irvine, CA.  Irvine Realtor.  CA DRE #01410855.  ExploreProperties@gmail.com.  Tel. 949-854-7747.  

                   

see article - Jon Lanser at Orange County Register - OC home price at 17 month high - click here.

 

Posted via email from Explore OC Homes