SoCal Housing Market

The LA Times has an article that seems to confirm that the (SoCal) housing slowdown is real. The first graph is the Year-Over-Year change in the median sales price of all homes in Southern California (you can click on the graph/tables, if you wish to enlarge them):


The most recent data shows a 2.7% increase from Aug-05 to Aug-06, but as Kevin Drum notes, what's worrisome is the trend. If you look at the data, at the county level, you see that the inland counties are doing better than the coastal ones: no surprise there, since the housing prices are lower inland, and the bubble was more pronounced on the coasts:


The final piece of data from the article, is the volume of houses sold. Here we see significant declines across the board:


UPDATE: The SF Chronicle has a similar article, and the data for the Bay Area also points to a slowdown: