For the full run-down, please check this link:  http://www3.signonsandiego.com/stories/2009/jun/18/1b18housing213947-regional-home-prices-end-2-year-/?uniontrib&dsq=11136516#comment-11136516

Yes, it's true, folks.  San Diego County saw a $5,000 increase in home prices from April to May.  This price increase is the first we've seen since July 2007.  While we don't know if it necessarily reflects a true increase in value (we'll need to see this occur over multiple months), it does indicate that progress in happening, i.e. some higher price point homes are selling. 

To give you some idea of where the activity in the market is, sales below $500,000 made up 83% of all transactions.  And what I'm seeing is that the price point is even lower than that:  people are in crazy bidding wars for homes less than $300,000.  Unfortunately, my clients have been having to pariticpate in those wars and it's not much fun for anyone.  Hang in there, homebuyers!  It just takes time....