From the OC Register on October 24, 2017 by Jeff Collins.
A late-summer surge in home buying pushed Orange County housing prices to record highs, shattering the $700,000 price barrier.
The median price of a home — or the price at the midpoint of all transactions — hit $710,000 last month, up 10.9 percent year over year, housing tracker CoreLogic reported Tuesday.
That’s up $25,000 from August’s median of $685,000, the sixth-biggest one-month price gain in records dating back to 1988.
Last month’s median almost elevates Orange County home values to Bay Area levels, where the nine-county median was $742,000 in August.
Home prices also rose in September throughout Southern California, pushing the regionwide median to its bubble-era high…
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