The Orange County (Calif.) Register staffer Jeff Collins reports that home prices in the region are edging close to those seen at the peak of the housing bubble.

The median price of an Orange County home was $625,000 in the year ending March, within just $20,000 of the all-time high reached in 2007, says Collins, who digs into the latest figures from CoreLogic.

In Southern California as a whole, the median home price rose 5.6% to $449,000, the region’s highest median in 8 ½ years, CoreLogic figures show. Home prices in the six-county area are $56,000 below the all-time high of $505,000.

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