We’re getting mixed signals on the Orange County housing market, with forecasters predicting further home-price drops at the same time that indexes show prices rebounding.
The latest: The California Association of Realtors reports today another monthly gain in the median price of an existing single-family home in May with the smallest annual decline in awhile. The report shows:
- The median house price in O.C. was $474,110 in May.
- That’s up 9.7% from April, the fourth monthly gain in the past five months.
- That’s down 17.4% from May 2008, the smallest annual decline in 14 months.
- Sales were up 17.9% from a year ago.
To view the entire CAR report, click HERE
