Median Home Price Tops Half-Million Mark in L.A.

Housing Prices in L.A. Aren't Letting Up! The county median, up 15% in March, tops the half-million-dollar mark for the first time. If this is a bubble, it's sure taking a long time to pop. For the first time, the median price of a Los Angeles County home topped the half-million-dollar mark last month, data released Wednesday showed. Four years ago, the median was half that. By doubling in such a short period, it's no wonder Los Angeles County appears on many lists of the nation's most-overvalued home markets. Click here for the full story by Annette Haddad, Times Staff Writer April 13, 2006 Appraisal , Real Estate , Appraiser