Southern California's median price continued its upward movement, cresting the Half-Million Mark. The median has risen nearly 5% since this time last year, for the 6 county area.

 The median price is the middle price of resale home's where half are sold for more than the middle price, and the other half are sold for less.

The median in Los Angeles county is holding its own at $540,000, up 6.3% since this time last year. Orange county is ahead at $629,000 a modest increase of .06 since March 2006.

Statewide; 39,800 new and resale homes were sold last month, including SFR and Condos, up 27.5% from the month prior.