Jul 23
Biggest home price jump in 33 years

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Orange County’s home prices jumped near 22% from May 2012 to 2013, matching the biggest year-over-year jump of California homes since 1980, as the median home price in Orange County rose from S538,340 to $655,630.

Home sales rose by 8.8 percent between April and May alone, supporting the statewide observed 15th consecutive month of year-over-year increases, and 11 straight months of double-digit jumps.

Source: California Association of Realtors