SoCal median home price plummets 39 percent

LOS ANGELES (AP) MDA DataQuick also says in a report released Tuesday that home sales jumped more than 41 percent as bargain-hunting buyers descended on homes in the region's most affordable inland neighborhoods.

DataQuick says the median home price in a six-county region of Southern California plunged to $250,000 last month, compared to $408,000 in February of 2008. The median price for the area peaked at $505,000 in mid-2007.

Foreclosures accounted for more than 56 percent of February sales in Southern California.

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

-----------------------------------------------------------------------------------------------

abc30 News Links:
Links to other news sections on our website.

• HomePage
  
• Top Headlines
  
• Fresno Local News
  
• State News
  
• National/World News
  
• Entertainment News
  
• Business News
  
• Politics News
  
• Sports News
  
• Health Watch
  
• Consumer Watch
  
• Mr. Food
  

-----------------------------------------------------------------------------------------------

Breaking News Alerts:
Click Here to Sign-Up for Breaking News E-Mail Alerts
Receive Breaking News alerts in your email inbox.

Click Here to Sign-Up for Text Message Alerts
Receive Breaking News alerts right on your cell phone.

-----------------------------------------------------------------------------------------------