Firm: Calif. median home price down slightly

May 21, 2009 12:00:00 AM PDT
A tracking firm says the median home price in California declined slightly last month from March. MDA DataQuick says in a report released Thursday the statewide median price sank just 0.9 percent to $221,000 in April, from $223,000 in March.

The figures marked a third consecutive month when the median price declined by less than 1 percent. Last year's average month-to-month decline was more than 4 percent.

Last month's median home price reflected a 38 percent plunge from the year-ago period, when the figure stood at $354,000.

More than 55 percent of all home sales in March involved foreclosed properties.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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