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8. San Diego
San Diego
2008 median house price: $412,490
2009 projected change: -21.1%
2010 projected change: -2.9%

As the luxury condo boom continues to fizzles, median home prices in this southern California market are forecast to fall $87,000 to $326,000 in 2009.

NEXT: Bakersfield, Calif.
Last updated December 22 2008: 4:43 PM ET
Source: Sources: National Association of Realtors; Moody's Economy.com
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