Median Price Starting Down in Phoenix Real Estate Market

My Orchid tree is blooming - this isn't supposed to happen for at least another 6 weeks or so!

From the Cromford Report:

February 16 - The monthly median sales price for all areas & types dropped below $180,000 today. At the same time the annual median sales price reached $180,000 from below. When the long term average moves higher than the short term average this is a distinctly negative signal for prices. The cooling in the market has now been around long enough (since July 2013) to cause some clear negative signals to start showing up in pricing measurements. We expect to see more of these over the next few months.