Orange County real estate is not quite on fire

Orange County Real Estate on FireThe number of homes for sale in Orange County jumped 6 percent in early April, apparently spurred by rising home prices, that’s the biggest percentage gain in two years. The median price paid for a house in Southern California rose 23.4% from a year earlier, representing a 56-month high in March. The median sales price for the six-county Southland region was $345,000, up 8% from $320,000 in February and up 23.4% from $280,000 one-year prior.

The previous median high was $348,000 in July 2008.

A new Coldwell Banker survey shows nearly a quarter of married couples between the ages of 18 and 34 purchased a home before getting married.

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