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This is the literally the definition of a strawman.  Thank you IHO aka "the king of strawman". 

Your response here are to things the OP did not say at all.  First, he claimed that you were asserting prices will not go down, not that you were hoping they would.  It is fact you have been assertive that prices would not fall, so OP is correct on this point.  Secondly the OP made no comments...

This makes the OP's point even more valid.  A much smaller house with only 3 bed selling for more than a much larger, 4bed model house.  To answer the OP's question.  Yes, there is definitely a "correction" or whatever you want to call it.  Its been going on for the past 6 months, but people...

Here is a chart from Reports on Housing from Steve Thomas.  This chart reports DOM but still gives a vastly different picture from your numbers.  I find his reports most helpful because he uses the most current and up to date data rather than trailing data points so that you know whats going on...

Interesting how data can be so different.  Perhaps it is because you decided to use DOM instead of months of supply.  Here is the months of supply I see from Redfin.

sure it would be interesting to see.  Seasonality will come into play however. Better would be to look at the last two quarters of this year versus last two quarters of 2017 to eliminate seasonality. 

In this market where we had much stronger sales in the first half of the year compared to the second half of the year, using the monthly average of completed sales over the entire year to calculate months of inventory will give a misleading picture of what the true market is like.

So are you saying that all of your money is in Irvine real estate?  If so, much respect for you and good luck. 

You should pull all your money from all accounts and start buying Irvine homes then. 

3.1% annual returns since purchase in 2013.  There were better gains for sure.   

Oh OK, so you mean that this buyer took market conditions and bargained the seller down to a price he wanted?  Huh, what a concept.  Also I had no idea that prices would drop if interest rates went up until you pointed that out.  Who would have ever thunk?!?  I particularly like the comment...

Thanks for the post IR2.  I assume MOI stands for months of inventory?  If you look at MOI to give an idea of the strength of the market, would you also look to "expected days on the market" since this metric gives a similar picture as MOI?       

Im a bit unclear about what you are saying here.  Are you suggesting higher interest rates will put downward pressures on home prices?  Also what do you mean by "using seasonal slow down and national slowdown to gain upper hands on pricing?"  Are you suggesting the buyer bought during a slow...

LOL.  Yes, we get it.  The 10-15% drop was only seen in homes that are 3CWG, under 800K and most importantly, ONLY seen by you.  I have a feeling you are one of few who will see how useless it is to make such claims (and rather pointless in a discussion about general price changes).  I hope no...

Or you do not understand or can not identify ridicule.  The worst part about all this is, regardless of what specific criteria you set to make price falls within 10-15% range, it STILL DIDNT.  In fact you even admitted on another post about seeing some homes drop 20%.  Furthermore I also...

So it is then fair to say, the 10-15% price drop was ONLY for the homes YOU specifically looked at, WITHIN a certain time frame, WITHIN a certain price range?  I dont recall you making all these caveats initially.  Isnt it just easier to say that homes in Irvine fell around 30% in general?  LOL

Exactly!  The hypocrisy is unreal.

Ill just leave these here... just a few I found in YOUR thread with sold prices near peak (not even at peak) and then again sold near lows (again not even at the bottom).  https://www.redfin.com/CA/Irvine/54-Desert-Willow-92606/home/7215161...

I think you nailed it.  Concise and clear.

No, you are right.  I agree you never said ALL of Irvine dropped 10%, you said only the homes you specifically saw dropped 10-15% in Jan of 2010.  I stand corrected.  Is that fair?