Home Sales Remain Slow

Orange County home sales from January through August declined 5.3% from the same period last year. That decrease, however, was the smallest in the six-county region. And the county’s average home price was the highest in the region, despite a 2.9% dip from the 1992 level.

Homes Sold:

County Jan-Aug 1992 Jan-Aug 1993 % change Orange 20,401 19,321 -5.3% Los Angeles 49,898 46,624 -6.6 Riverside 14,218 13,213 -7.1 San Bernardino 15,248 13,473 -11.6 San Diego 18,242 17,095 -6.3 Ventura 5,590 5,656 +1.2

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Average Sale Price:

County Jan-Aug 1992 Jan-Aug 1993 % change Orange $250,204 $242,936 -2.9% Los Angeles $245,410 $235,435 -4.1 Riverside $155,796 $147,228 -5.5 San Bernardino $139,461 $136,003 -2.5 San Diego $210,921 $204,024 -3.3 Ventura $238,078 $235,049 -1.3

Source: TRW Redi Property Data