FSD you make a very good point which, I think, is kind of providing some validation to some of the counterpoints posted in this thread. That is, monthly median data is perhaps a bit unreliable to point out long term trends. There is not doubt whatsoever in my mind of prolonged depreciation over the next few years. I will say it is only my opinion that higher desired neighborhoods will not be hit as hard as less desired neighborhoods but that is only an opinion and I could very well be wrong. However I am just not sure I agree with the pace of depreciation that people are preaching, almost longing to find data to back up. By the same token I can find ALOT of pricing that is at 2004 and even 2003 levels for many areas around the county.
My post was simply to correlate the graph to the actual MLS data for detached homes for the month of April of 07.
