There were more quotes in the Kelly's article at the Voice of SD about the market getting hammered statistically: Link to Article
How bad are the stats?
The numbers are skewing from all the action on the lower-end:
# of Total Listings Jan 1 to June 27 in SD County (Att & Det):
Price Range
2007
2008
% chg
0-350K
8824
14610
+66%
350-700K
21729
13470
-38%
700K+
8789
6473
-26%
Total
39342
34553
-12%
Once you get into the closed sales, you really see it. Here are the closings between May 1st and June 15th:
Price Range
2007
2008
% chg
0-350K
694
1570
+125%
350-700K
2042
1446
-29%
700K+
967
528
-45%
Total
3703
3544
-4%
You'll be hearing about how sales aren't that bad compared to last year, but it depends what segment of the market you are looking at - more later today!