Orange County existing home sales up 6.9 percent

The median price of an existing single family home hit $549,460 in California last month, up 7.4 percent from July 2016, the latest figures from the CALIFORNIA ASSOCIATION OF REALTORS® show.

Orange County’s median price was at $785,000, up 6.9 percent over July 2016, but less than the record high price of $795,000 earlier this summer.

The association’s report covers existing, single-family, detached homes only, or nearly twothirds of the Orange County market.

Los Angeles County’s median price reached $566,240, up 10.2 percent since last July; Riverside County was at $385,500, up 7.1 percent. San Bernardino’s median hit $266,250, climbing 8.3 percent.

The statewide median price remained above $500,000 for the fifth month in a row.

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