Standard & Poors: Los Angeles area median housing price down -23.1% for April 2008

The Case-Shiller Index was released for April 2008.

According to the index, the Los Angeles area median home price was down -23.1% from April 2007, and down -2.2% from March 2008.

The entire Composite-20 metropolitan index was down -15.3% YOY for April. To view the full report, visit Standard and Poors (PDF file). S&P's home price website is here.

The fun-to-read LALand ( La La Land? ) blog at the L.A. Times posts a brief blurb here, noting that the rate of decline has accelerated. Not even a morsel for the housing bubble bulls to spin this time around.