Orange County real estate appreciation slows
Orange County real estate is still hot, but last month appreciation fell below 20% for the first time in almost two years, according to DataQuick Information Services.
The median price for houses and condominiums sold last month rose 18.7%, to $534,000, from the year before. That was down 3% from December's record median of $551,000.
That trend was also noticed in Los Angeles real estate earlier this week. However, Los Angeles County real estate is still significantly more affordable than Orange County where only about 13% of residents can afford to purchase a home.
The median price for houses and condominiums sold last month rose 18.7%, to $534,000, from the year before. That was down 3% from December's record median of $551,000.
That trend was also noticed in Los Angeles real estate earlier this week. However, Los Angeles County real estate is still significantly more affordable than Orange County where only about 13% of residents can afford to purchase a home.
posted by Dahcredyns at 8:47 AM
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