by Calculated Risk on 3/14/2006 10:29:00 AM

The OC Register reports: O.C. home prices rebound

Orange County home prices rebounded in February, as the median sales price reached $617,000 – tying the second highest on record.

DataQuick reported early Tuesday that February's price was $35,000 higher than January's $582,000 – and 11.2 percent above year-ago prices. The record of $621,000 was set last December.

All told, 2,672 homes sold last month, down 7.5 percent from a year ago.

For more details, see Jonathan Lansner's real estate blog.