Mid-September update – Orange County Register

Mid-September Orange County homebuying stats show prices and closed sales up as the current pace of dealmaking speeds up.

CoreLogic tracks patterns from public records of closed sales. For the 22 business days ending Sept. 11 …

1. Orange County’s median selling price for all residences was $694,000 — up 8.4 percent compared with a year ago, CoreLogic reported.

2. There were 3,659 Orange County residences sold in the period, up 6 percent from a year ago.

3. At the neighborhood level, prices were up in 66 of 83 Orange County ZIP codes compared to the previous year.

4. Sales rose in 41 of 83 Orange County ZIPs compared to the year-ago period.

5. Resales of existing residences totaled 3,223 — up 3.2 percent from a year ago.

6. Builders sales of newly constructed units were 436 — up 32.5 percent from a year ago.

7. In the 27 least expensive ZIP codes — median sales price at $615,000 and below — 973 homes sold. That’s up 4.8 percent compared with a year ago.

8. In the 27 priciest ZIPs — median sales price beginning at $779,000 — 1,150 homes sold. That’s up 16.6 percent vs. a year ago.

9. In the 9 Orange County ZIPs with median prices above $1 million, sales totaled 239 homes, up 7.17 percent vs. a year ago.

ReportsOnHousing tracks the supply of homes existing homes for sale and residences entering escrow from broker listing networks. As of Sept. 21 …

10. Countywide, 5,493 listed for sale and 2,520 homes entered escrow in past 30 days.

11. ReportsOnHousing tracks speed of selling by comparing inventory to new escrows. The latest “market time” reading was 65 days vs. 72 a year ago and 82 two years earlier.

12. By price slices, listings under $500,000: 755 listings and 622 new scrows for market time of 36 days.

13. From $500,000 to $750,000: 1,350 listings and 928 new scrows for market time of 44 days.

14. From $750,000 to $999,999: 962 listings and 507 new scrows for market time of 57 days.

15. $1 million-plus: 2,426 listings and 463 new…

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