Orange County Stand-Alone Home Prices Move Above $500,000 Mark

The median price of an existing Orange County home moved back above the $500,000 mark in September, while the pace of sales here remained sluggish, the California Association of Realtors said Friday.

The median price for an existing stand-alone OC home sold in September was $510,530, a nearly $11,000 or 2.2% increase from August, and a 2.8% increase from the prices homes here were selling at a year earlier.

The area’s median sales price now is up about 21% from the recent bottom of the market, seen in January 2009, according to the association’s figures.  Read the rest of the story:

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