The Orange County Register's Jonathan Lansner ticks down a list of disappointing metrics measuring the county's housing market, which he posits is mired in a deep slump.
Here are 10 trends you should know about the market’s current cooling that dates to August 2018 — nine months of sales vs. the same period a year earlier …
1. Pricing: Median was flat at $720,000. At the neighborhood level, prices were up in 43 of 83 Orange County ZIP codes compared with the previous year.
2. Sales: 22,872 Orange County residences sold, off 16% in 12 months. Sales rose in only nine of 83 Orange County ZIPs.
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3. Single-family home resales: 13,720 — down 15% from a year earlier. Median selling price was $767,000 — down 1%.
4. Condos resales: 6,038 — down 16%. Median was $500,000, flat over the year.
5. Builder sales: 3,114 — down 22%. Median was $981,500 — up 7.3%.
