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Median Home Price: DataQuick's report showed that:
In Los Angeles County the median home price increased 13.6 percent to $508,000. That's the smallest increase since the median rose 10 percent to $230,000 in Nov. 2001. Sales fell 18.8 percent to 8,364 transactions.
For condominiums, the median price for the 129 homes sold was $387,000, about 17.3 percent higher from a year ago, but down half a percent, or $2,000, from March. That price also peaked in January, when the median was $397,000.
The report from La Jolla-based DataQuick Information Systems suggest that the long-anticipated price cool-down is gaining traction.
Last month the median price of a home in the six-county area increased an annual 9 percent, to $485,000, and fell 0.2 percent from March, the company said.
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