San Jose City Hall from city of San Jose

From the article - Double-digit home price drops coming by Les Christie of CNNMoney.com September 19 2007

“Six of the nation’s 10 biggest cities face price declines of 1 percent or more with Phoenix, at a 17.8 percent loss, undergoing the worst reversal. The San Diego area will suffer through a 10.9 percent fall, Los Angeles (down 10.6 percent), New York, (down 5.3 percent), San Jose, (down 4.4 percent) and Philadelphia (down 3.1 percent) will also fall.” 

The last 3 years San Jose Single Family home  median price has gone up from 630K to 788K. It is 25% growth even if dropped 4.4 %, so what?