Contra Costa: prices heading lower

Sellers received, on average, $5,843 less than what they're asking for in the month of August. Since it dipped below the neutral line (blue $0 line) This is the 9th consecutive month sellers have to settle for less than their asking prices. August's low also violated the January low of $5,127. From the technical analysis point of view, we therefore have a formation of lower low, which is a sign of the market weakness.