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Tuesday, April 15, 2008

Orange County House Prices Off 20% YoY, Back to March 2004 Levels

by Calculated Risk on 4/15/2008 01:40:00 PM

The DataQuick numbers for SoCal will be available soon.

From Jon Lansner at the O.C. Register: March home price ($506,000) is a 4-year low

DataQuick’s final count of Orange County home-buying activity last month shows the median selling price for all residences at $506,000 — the lowest since March ‘04 and off 19.6% from a year ago. Buyers grabbed 1,663 homes last month down 46.9% from a year ago. It’s the 30th consecutive month where total sales failed to beat the year-ago level.