Standard & Poors: Los Angeles area median housing price down -21.7% for March 2008

The Case-Shiller Index was released for March 2008.

According to the index, the Los Angeles area median home price was down -21.7% from March 2007, and down -3.6% from February 2008.

The entire Composite-20 metropolitan index was down -14.4% YOY for March.

To view the full report, visit Standard and Poors (PDF file). S&P's home price website is here.

The Los Angeles Times' Peter Hong's coverage is here.