The Tustin real estate market, found within the larger Orange County, California housing market, saw a decrease in the number of single-family homes sold as well as a spike in the median price. An October 22, 2010 article from the Orange County Business Journal noted that “The median price of an existing Orange County home moved back above the $500,000 mark in September, while the pace of sales here remained sluggish, the California Association of Realtors said Friday. The median price for an existing stand-alone OC home sold in September was $510,530, a nearly $11,000 or 2.2% increase from August, and a 2.8% increase from the prices homes here were selling at a year earlier. The area’s median sales price now is up about 21% from the recent bottom of the market, seen in January 2009, according to the association’s figures. Prices here are still off more than 31% from the peak of the market, when the median sales price for an OC home topped $747,000 in April 2007. The number of OC home sales in September was up 1.6% from a month earlier, the Realtor association said. Sales were down 10.4% from a year earlier. The median sales price of an existing home in California was $309,900 in September, a 2.7% decrease from August and a 4.5% increase from a year ago, according to the association.”

The number of Tustin homes for sale as well as other Orange County homes for sale decreased in the month of September, which is relatively unsurprising considering the increased median price. According to an October 19, 2010 report from the OC Metro, “Orange County home sales continued to slide last month, compared to the same time last year when numbers got a boost from government incentives. But, the region's median price increased slightly in the period, according to new figures from San Diego-based MDA DataQuick. A total of 2,524 homes were sold in Orange County in September, down 10.7 percent from the same time in 2009. It's the slowest sales rate for the month since 2007 – but numbers have remained at about the same level since July. In August, 2,538 homes were sold. In July, 2,527 were purchased, according to DataQuick. And, at least one industry expert believes the local market will remain "normal" in coming months.”