Home prices fell in the past year in roughly three of every five Orange County neighborhoods.
Countywide, the median selling price was $990,000 in March – off 3% in a year, according to CoreLogic data. Sales totaled 2,109 existing and new homes – off 34% in a year.
The market has cooled as rising mortgage rates and a shaky economy scared off house hunters. But it hasn’t been an across-the-board drop.
In 51 of 84 Orange County ZIP codes, prices have fallen since March 2022. That’s 61% of the county. And 71 ZIPs saw one-year sales declines or 85% of the county.
How did your ZIP code fare? Please note homebuying trends at the neighborhood level can be volatile. Check the graphic below …
Source: Orange County Register
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