Down 27% hahaha, thanks to the free $8000 tax credit expiring a few months ago. Without that free money over the last year hundreds and hundreds of thousands of houses would have gone unsold. Now the quiet season begins, without free money why would anyone want to buy a house priced under $250k and not be able to get that nice free gift. Looks like the next drop in housing is occurring because prices are too high, no one can get a mortgage unless you have a good job and some savings and who now a days has that, also need good credit to apply for that historical low interest rate bubble ben bernanke has officially created. Stay out of the housing market until prices drop further, there is no need to jump in yet, any upward movement in prices or sales will only be short so there is no need to jump in thinking prices are going to soar without you being in the market, they aren't going anywhere for many, many, many, many years.