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California median home price falls slightly from March

May 22, 2009|Associated Press

The median home price in California declined 0.9% to $221,000 in April from $223,000 in March, MDA DataQuick said in a report released Thursday.

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

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

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

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