O.C. Home Prices Increase For The 8th Month

The median home price of Orange County homes appears to be on track for this year’s eighth month of

increases. If October ends the way its expected to end it should also be the second month of year-over-year price increases after 24 months of price declines.

For the month of September the median price of an Orange County home was $432,000, up 2.9% from 2008. Overall home prices in Orange County are 33% below their peak.

In September O.C. shoppers purchased 2,980 residences , up 3.5% from last year’s buying activity. Nationwide home sales jumped a record 9.4% in September as new home buyers are trying to take advantage of the tax credit that ends next month.