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California's median home price down 40%

Los Angeles Times 03/19/2009 16:31
California's median home price down 40% - home - price


The state median fell to $224,000 in February, compared with $373,000 a year earlier, tracking firm MDA DataQuick says.



The median home price in California dropped 40% in February from a year earlier, a real estate tracking firm reported Thursday.

MDA DataQuick also said that home sales in the state jumped nearly 43%.

The San Diego company said the median price was $224,000 last month, compared with $373,000 in February 2008.

Foreclosures accounted for 58% of home sales in California last month.

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