Orange County, Calif., home prices in June soared to a record high for a second straight month, reports Jeff Collins, staffer at The Orange County (Calif.) Register.
The median price of an Orange County home—or the price at the midpoint of all sales—was $657,500, real estate data firm CoreLogic reported Tuesday. That’s up $29,000, or 4.6%, in a year and $6,000 in a month, according to Collins. He writes:
Meanwhile, sales dipped in June, but ever so slightly, CoreLogic reported. A total of 3,786 Orange County houses, condos and town homes changed hands last month, a decrease of 64 homes, or 1.7 percent, from the June 2015 sales total.
CoreLogic analyst Andrew LePage speculated that high home prices, and a decreased number of buyers who can afford them, could be reasons for the slight decline.