L.A. median sales price drops $25K

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First time for everything: DataQuick’s September sales report shows a decline in median sales prices in Los Angeles County, from $550,000 in August to $525,000 in September. DataQuick points out the mortgage crisis cut sharply into the availability of ‘jumbo’ mortgages, which likely put downward pressure on median sales price.

Month Median Sales Price y/y change 12-month LA sales total
Jan. 07 $520,000 6.0% 108,755
Feb 07 $528,000 8.0% 107,966
Mar 07 $540,000 6.0% 105,514
Apr 07 $540,000 6.0% 103,455
May 07 $550,000 7.0% 100,167
Jun 07 $545,000 5.0% 96,513
Jul 07 $547,500 5.0% 94,478
Aug 07 $550,000 6.0% 90,985
Sept 07 $525,000 1.2% 86,610

Source: DataQuick;
Hat tip: Vultur suggested this chart.
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