The National Association of Realtors released their first quarter median home price report for larger metropolitan areas. Here are a few price differences between first quarter 2009 vs. 2008. The reasons NAR gives for these median price drops is the number of foreclosures and that the least expensive homes count for 50% of total sales. First quarter median home prices for Central Coast cities can be found on my SloWatch.com site here.
Anaheim-Santa Ana -28.3%
Los Angeles-Long Beach-Santa Ana -34.1%
Riverside-San Bernadino-Ontario -39.9%
San Diego-Carlsbad-San Marcos -29.6%
San Francisco-Oakland-Fremont -42.7%
San Jose-Sunnyvale-Santa Clara -42.3%
Las Vegas-Paradise -37.3%