Apparently San Diego had the second largest increase in price reductions in the country from April 1 to May 1:

http://info.trulia.com/index.php?s=43&item=88

San Diego went from 12% to 17% (% listings with price reductions) which may be significant because we have far more listings than say, Omaha. On the other hand, it’s not clear whether they are referring to the city of San Diego, or the greater San Diego area.