What Were the Actual Numbers?

11 May 2008

What Were the Actual Numbers?

Posted by staceysloan under: Housing Recovery; Life in Orange County .

The total number of sales was 1,663 which was up 13.1% from February (Orange County only). The new median price for the county is $506,000 down from a high of $673,000. That number includes single-family, condos and new homes. This is the first time since this newsletter’s history that more properties sold in the lowest category than the highest with 402 sales under $400,000 and 398 over $700,000. The average down payment stayed steady at 22% and the adjustable loan share is down to 34% after peaking well above 70% at the height of the market. The monthly payment index is 2,645 and that is 10% lower than the same time last year. That number should keep falling as prices continue to adjust.