NEWPORT BEACH, CA — Searching for a brand new residence in Newport Seaside, or throughout Orange County? residence gross sales edged up by 0.6 % in November in comparison with the identical month in 2016, however they have been down 4.2 % from October. The housing market continued its “story of two markets” throughout the state, in accordance with the California Affiliation of Realtors in a current report.
The median value in Orange County was $785,000 in November, down 0.1 % from $786,000 in October however up 6.9 % from $734,500 in November 2016.
CAR reported that the median gross sales value for a home statewide in November was $546,820, up 0.1 % from October and up 8.8 % from November 2016. Dwelling gross sales have been down 0.8 % in November, in comparison with the identical month final yr, however up 2.1 % from October.
