Homebuying in Brea, Buena Park, Fullerton, La Habra, La Palma, Placentia and Yorba Linda fell 7% as Orange County sales stalled to the slowest pace since 2014.
CoreLogic homebuying stats show May was the 10th consecutive month Orange County home sales failed to beat the pace of the year-ago period. Plus, this was the slowest-selling May countywide in five years as sales ran 13% below their historical monthly norm. Fewer buyers cut the countywide median selling price by the largest amount in seven years.
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