For the month of May the median selling price of homes in Orange County was $380,000 which is down 22.4% from a year ago and 41% below the peak that was reached in June 2007.
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In the current market, single family homes are selling for 41% less than their peak pricing and condos are selling for 47% below their peak. Currently builder prices for new homes are 45% below their February ’05 top.
Over the last month, home buyers in Orange County purchased 2,451 residences – which is up 14.1% from a year ago.
April marked the 10th straight month of sales gains vs. the year-ago period. This follows a period of 33 consecutive months where sales gains failed to beat the previous years pace.





















