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“Home sales decreased 24.7 percent in June in California compared with the same period a year ago, while the median price of an existing home increased 3.2 percent, the CALIFORNIA ASSOCIATION OF REALTORS┬« (C.A.R.) reported today.” Full article here

As far as median home prices (June 06 vs. June 07), here is what was reported by CAR for our area:
Arroyo Grande: -11.8%
Atascadero: -1.3%
Los Osos: -6.4%
Paso Robles: – 8.4%
San Luis Obispo: -7.8%
Santa Maria: -12.4%

This page lists median home price changes for cities throughout California.

*Because they use only one month comparisons, the figures presented can easily be swayed one way or the other for cities with not that many home sales for the month. That’s why I use Quarterly and Half-year statistics on the median home price comparisons.

Written by Keith Byrd - Go to Keith's Website/Profile