In Orange County last month, broker- generated home sales totaled $1.3 billion – half of the amount reached in 2005. 
They have remained consistent; their revenue was nearly even with the revenue generated in June 2008.
Last months sales revenue from MLS listings was 2.8% lower than the June total of $1.4 billion. Overall, June’s revenue was down 51% from the high reached in June 2005. Sales of single-family homes were up 6% - last month 1,557 homes were sold through MLS compared to 1,470 last June. Although the median price of a single family home sold through MLS was down 6% from June 2008.
18.7% of June’s transactions required homes to sell for less than their mortgage totals. Lender-owned homes that had been seized through foreclosure accounted for 23.8%. 43.8% of all homes sold through MLS were considered “distressed”, compared to 49.1% in May.
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