Median home prices drop again

The median price of a Los Angeles County home plunged a record 20 percent, or $117,010, in February from a year ago as sales continued their free fall as foreclosures increased, a trade association said Monday. Gregory J. Wilcox in the Daily News.

During February the county's median price fell to $467,200 from $584,210 last year, said the California Association of Realtors. It's the second consecutive record drop, percentage wise.

Sales in the county fell 42 percent from February 2007 and slipped 10.5 percent from January, the association said.