Weekly Median Asking Price June 30, 2008

The median asking price according to HousingTracker.net continues to fall at an average rate of $3k per week. This weeks decline was only $100 which is only a -0.04% change. This is in contrast to last weeks decline of $5k, a change of -1.8%. Inventory levels are down to 45,947, a change of -3.3%.

I wouldn't get too excited about this weeks apparent slow down in price declines. The weekly average has been pretty consistent. Until inventories take a significant decline, price declines will continue. With the coming wave of loan resets I expect thave inventories may rise. It all depends on how quickly the banks can unload their current properties.

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

Trend	06/30/2008	1 month	3 month	6 month	12 month
Median Price	$269,900	-5.3%	-12.9%	-22.9%	-32.5%
Inventory	45,947	-2.6%	-5.2%	-7.9%	-11.4%

Date	Inventory (SFH + Condo)	25th Percentile	50th Percentile (Median)	75th Percentile
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
05/05/2008	47,960	$215,000	$299,000	$410,000
04/28/2008	48,253	$219,900	$299,000	$415,000