Stockton, Calif.

This agricultural community south of Sacramento had the second-highest number of foreclosures in the country in 2007, with 22,184 filings on 10,608 properties. It?s also among the top 10 most overpriced markets in the U.S., according to Local Market Monitor, with a 49 percent difference between average prices and equilibrium.
Median price end of 2007: $280,000
Median price end of 2006: $395,000
% change: – 29%
Projected change through Q3 2008: – 20.6%
Affordability rating: 4.9
Foreclosures in 2007:
(1 for every 21 households)
10,608
Foreclosures in 2006:
(1 for every 76 households)
2,857
Change in foreclosures: +271.3%
Current rate comparison
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Price trends

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June ’06: National median price $227,100
Dec. ’06: National median price $221,900
Dec. ’06: Local median price $395,000
June ’07: National median price $229,200
Dec. ’07: National median price $198,700
Dec. ’07: Local median price $280,000
Note: Median home price for Stockton, Calif., comes from John Burns Real Estate Consulting. All other median home prices are from the National Association of Realtors, which could not provide Stockton figures.