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CNBC | Orange County home sales seeing first increase in a years
by: Jeff Collins | 9/20/19
Orange County may be on the verge of seeing a gain in home sales for the first time in more than a year, new CoreLogic figures show.
But the gain is due more to the length of the housing slump than to a sharp improvement in the local housing market.
CoreLogic reported Friday, Sept. 20, that 3,192 Orange County homes changed hands in the 22 business days ending Aug. 26, the latest in the data firm’s weekly series of rolling housing numbers. That’s up 0.1% from the same period in August 2018.
CoreLogic plans to release final numbers for all of August next week. If the trend holds for the full month, it will be the first gain in a year, following 12 consecutive months of sales drops.