WHAT ARE THE EXACT NUMBERS?

or Orange County, home sales were down 20.3% compared with the same time a year ago. For the month of January, the total number of sales was 1,778; with new homes comprising just 191 of that number, condos had 474 and resale houses totaled 1,113. For the primary ingredient of our market, the resale single-family saw prices rise just 1.5% but volume drop 14.6%. Condos fell in price 7.4% and volume 22.5%. New homes rose in price because of higher priced development releases 19%, but fell in volume, reflecting affordability issues, 39.2%. Median home payments rose to $3,503 from $3,142 a year ago. But that is median, not average. There is a house payment possibility for every buyer. Don’t be dissuaded, try to buy.