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Article: EXECUTIVE SUMMARY

Article from:
Orange County Business Journal
Article date:
June 18, 2007
Author:
Copyright

This past week's news from www.ocbj.com and other sources

ECONOMIC INDICATORS

Mixed: The median price of an Orange County home rose $6.000 from April to May, but sales here continue to lag well below year-ago levels. The median price of an OC home stood at $635,000 in May, a 1% increase from April, according to La Jolla-based DataQuick Information Systems, a unit of Canada's MacDonald Dettwiler and Associates. Prices here now stand $500 above the median of a year ago. The highest median price was $642,500 in June 2006. Sales in the county continue to show weakness. There were 2,675 OC homes sold in May, down 29% from a year ago.

TOP STORIES

The Irvine Company last week named Michael McKee ...

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