OC Leads Southern California in Housing Market Health

OC Leads Southern California in Housing Market Health

Among the six Southern California counties, Orange County seems to be in the lead in overall housing market health. The median price of a home in the county was at $600,000 in April – an increase of 4.2% from a year ago. Sales velocity is also on a strong uptrend, and underpinning the housing market strength is a low unemployment rate of 4.4%.

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Michael Anderson
Michael Anderson 247 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

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