Weekly Median Asking Price July 14, 2008

The latest data from Housingtracker.net shows that the median price continues to fall. The recent slide is a $4,901 or -1.85%. Inventory fell -1.6% or 753. The recent data shows an increase in the average decline. It is still decreasing in the $3k range, but it is now about $3600.

If you are in the unenviable postion of finding it necessary to sell, be sure you start the process sooner than later. Every week you wait, you lose around $3000-$3500.

The data includes the the major cities of Corona, Fontana, Moreno Valley, Ontario, Palm Desert, Palm Springs, Rancho Cucamonga, Riverside, San Bernardino, Temecula and many others.

Trend	07/14/2008	1 month	3 month	6 month	12 month
Median Price	$259,999	-5.5%	-13.3%	-25.5%	-34.8%
Inventory	45,778	-2.5%	-5.9%	-10.5%	-11.0%

Date	Inventory (SFH + Condo)	25th Percentile	50th Percentile (Median)	75th Percentile
07/14/2008	45,778	$189,900	$259,999	$379,000
07/07/2008	46,531	$189,905	$264,900	$379,900
06/30/2008	45,947	$194,900	$269,900	$387,500
06/23/2008	47,519	$195,225	$270,000	$389,000
06/16/2008	46,962	$199,000	$275,000	$395,000
06/09/2008	47,297	$199,900	$279,000	$399,000
06/02/2008	46,949	$200,000	$280,000	$399,000
05/26/2008	47,187	$200,000	$285,000	$399,000
05/19/2008	46,779	$208,900	$289,000	$399,900
05/12/2008	47,403	$210,000	$292,500	$402,500