LOCAL : OC Median House Costs $237,114
- Share via
The median price of a house in Orange County rose 2.8% in December to $237,114, the California Assn. of Realtors said today.
That was a 32% jump from a year ago, when the price was $179,651, the trade association said in its monthly survey. The survey excludes new houses.
The number of houses sold in the county dropped 12.8% from November. The market has been cooling to a more normal pace since a frenetic boom in sales last summer.
Statewide, however, sales jumped 6.1% and the median price dropped 2.9% in December.
The median price of a house fell from $177,485 in November to $172,405 in December, the first month-to-month decline since November, 1987, but still 18.7% higher than the December, 1987, median price of $145,224.
The trade association said the statewide increase in sales was probably caused in part by the selling of houses by investors for tax purposes before the end of the year.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
