Median Home Sale Price is Up

Orange County's medisn home sale price is up and at a 21 month high. The median price is up showing at $440,000 for the home sale price.

This Year the median home selling price was 12.8 percent above the pervious year and 32 percent above 2007. The low point in the cycle was hit in January 2009 at $370,000. We are currently above that mark by 19 percent.

Sales volume is also up with 3,056 homes sold, up 12.8 percent compared to a year ago. New homes have increased there volume by and are now accounting for 6 percent of the total of the homes sold in Orange County.

We are definetly showing a trend toward a positive outcome in our area. If you were waiting for the positive sign before you bought or sold. You just got that message. So give us a call so we can help you with all of your real estate needs.

Tim Lorenz

Instant MLS Listings & Free Market Analysis

"We have actually closed many short sales!"

http://www.markandtim.com/

949-874-2247

Tim Lorenz . Over 40 Years Experience Representing South Orange County Home Buyers, Sellers, Investors and Relocations!