Los Angeles Times

Southern California median home price jumps to $536,250 as sales fall

LOS ANGELES - The Southern California median home price reached a new all-time high in June, jumping 7.3 percent from a year earlier. However sales plunged over the same time period, indicating sky-high housing costs could be burning out many home shoppers.

The six-county median - the point where half the homes sold for more and half for less - hit $536,250, real estate data firm CoreLogic said Tuesday. That's up $6,250 from the

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