Contra Costa: prices heading lower

The median price (10-day moving average) of current inventory, which includes condos and detached single family homes, is $569,900. This is 4.21% lower than $594,950 on Oct. 21, a year ago. One very important support level to keep an eye on is the January 5 low of $565,000 (red X mark). We'll see if this support would be violated come January 2007.