Home prices dip slightly, possible sign of stabilizing
Southern California housing prices dropped only slightly last month, MDA DataQuick reported yesterday in the latest sign prices could be stabilizing.
But the latest figures also indicate how inactive the upper end of the market is, with only 20 percent of homes selling above $500,000, half the market share of 2007.
DataQuick said the six-county region turned in a median price of $247,000 in April, down $3,000 from March and off 35.8 percent from year-ago levels. Two counties, San Diego and Ventura, reported higher medians; Orange, Riverside and San Bernardino were lower; and Los Angles was unchanged.
* Full story available on The Sign On SanDiego
