[sammyg2]

You just proved your own statement wrong.
That house you picked (at random) is down to $668k from $680k.
Thats what, about 2%? Where's the 20%? it doesn't exist, no matter how much you would like it to. The sky just is not falling. That house you picked is old town orange, where many of the houses are close to 100 years old. Kind of neat but not typical of Orange, and certainly not typical of Orange county where the median price is well above those numbers.

Also, your second quote says that "As of November, the median sales price of an Orange County home is down about 7% from its all-time high of about $729,000 set in April, according to the California Association of Realtors."

OK, so what? You are comparing last November to Last April. What's your point? Comparing spring to late fall/winter is also silly, seasonal price fluctuations happen everywhere, even in sunny California. Prices are typically a little lower in the winter than thay are in spring or summer. That cannot accurately be used to indicate a market trend beyond the seasons.

I was comparing this March to last March.

Twist, twist, twist.

BTW, your fitst link is no good and the second requres I subscribe. Aint gonna happen.