I have seen many areas that are off in price by 10%. I’ve seen individual properties that have lost 20%. But I am also seeing a lot of established areas in SD County that have had very little to no declines in price over the last year. Prices WILL continue to decline, I’m just not sure how much. You may not feel that the median price is an accurate gauge of the market, but the bottom line is that the median resale price is down by 5% in the last year, not 10%.
