Los Angeles Times

Southern California home prices jump to a new record high

Southern California's median home price jumped 8.4 percent in March from a year earlier, setting a new all-time high, as hopeful buyers engaged in bidding wars over a limited supply of homes on the market.

The six-county region's median price for new and resale houses and condos hit $519,000 last month, up $40,000 from a year earlier, real estate data provider

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