February's Southern California Median Home Price

February's prices set a new record, however the number of homes sold in 6 counties was the lowest number in 5 years. The median price according to Dataquick was $480,000, much lower than the statewide median price, but up from the So Cal median price of $469,000 one year ago. The real estate bubble forecasts are not alive and well at this point, according to this article: foreclosure activity is low, down payment sizes are stable as are property flipping rates.

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