OC Register: Where Did SoCal’s Home Sellers Go?

OC Register: Where Did SoCal’s Home Sellers Go?
April 18, 2016 Joanna Rivas

The median price of an Orange County home – or the price at the mid-point of all sales – was $615,000, down $14,500 from June's pricing. Sales totaled 3,692 last month, 139 fewer than in June. Still prices and sales were at eight- to 10-year highes for the month of July, CoreLogic figures show. ///ADDITIONAL INFO / / / aerials shot 080510 JEBB HARRIS, THE ORANGE COUNTY REGISTER - Recently constructed homes sit on the site of the former Tustin Marine Corps Air Station in this August 5, 2010 aerial photo. - aerial photos shot August 5, 2010 including: JWA terminal const. & takeoffs. John Wayne Airport, Tustin base development & The District. Generic housing trends art, construction mortgage sales development, El Toro, The great park, balloon, tower, blimp hangars, UCI campus views, Dredging in back bay, Stalled HB beachfront hotel development, Pacific city, condos, shopping, HB offshore oil platform, Huntington Beach surf tournament beach scene, OC Fairgrounds , Orange County Fair.Despite a strong regional economy and extended cheap mortgage rates, March homes sales in six Southern California counties were up just 2 percent from a year ago and 15 percent off the region’s average buying pace of the past quarter century, CoreLogic reported Monday. Considering how long home buying has run below historic norms since the Great Recession ended, this isn’t another example of a sluggish real estate recovery. Today’s modest activity level is just, well, what housing has become.

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