Sales totaled 7,044 in March in the two counties, according to CoreLogic. That’s up 43% for the month but down 35% for the year.
28th-smallest sales total for any monthYes, some house hunters returned to the market in early 2023 despite economic skittishness and lofty mortgage rates that have cut buying power by 23% in a year. Still, sales in the six-county Southern California region in the past yearLos Angeles County had 4,935 closings, up 45% in a month but 36% lower in a year. Orange County had 2,109 sales – up 39% in a month but 34% lower in a year.
Orange County’s $990,000 median was up 3.6% in a month but 6% off the $1.05 million peak of May 2022.
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