CoreLogic reported that sales jumped 68% Orange County, according to The Orange County Register's Jonathan Lasner.
The jump is part of a year-long selling surge by developers who last year were caught with limited supply after a hot-selling 2014. Mid-month home buying data can be volatile, but in 2016’s first half new homes sales were 22 percent above the 2015 pace.
The most expensive zip codes saw the biggest price surge.
In the 27 priciest ZIPs -- median sales price beginning at $715,000 -- sales were up 8.9 percent compared to a year ago. That contrasts to sales in the 27 least expensive ZIPs -- median sales price at $565,000 and below -- that fell 3.1 percent compared to a year ago.