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O.C. Home Prices Increase For The 8th Month

The median home price of Orange County homes appears to be on track for this year’s eighth month of

chart increases. If October ends the way its expected to end it should also be the second month of year-over-year price increases after 24 months of price declines.

For the month of September the median price of an Orange County home was $432,000, up 2.9% from 2008. Overall home prices in Orange County are 33% below their peak.

In September O.C. shoppers purchased 2,980 residences , up 3.5% from last year’s buying activity. Nationwide home sales jumped a record 9.4% in September as new home buyers are trying to take advantage of the tax credit that ends next month.

Posted by Adam Brett - Fullerton, California Realtor on 10/27/2009 01:21 AM

Comments (2)

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2 Comments on O.C. Home Prices Increase For The 8th Month

OCT

I like the way you kept this info simple and to the point. It's good you hit bottom and bounced back. There is hope for all of us out there.

NOV

What an awesome post!Thanks for your sharing!~~~ Nike Dunk SB

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