The Truth Hurts.

Headlines, highlights and lowlights from the Southland Regional Association of Realtors' press release on 2007 home sales in the Valley:

--The number of homes sold in 2007 dropped 34.9% from 2006 levels.
--Sales of single-family homes in December 2007 were down 51.6% from December 2006 levels.
--Median price of homes sold in December '07 was $480,000, a decline of 14.3% from the December '06 median of $560,000.
--Total 2007 sales, of 6,271 single-family homes, is well below the previous low -- 7,774 in 1992. Annual Valley sales in this cycle peaked at 13,878 in 2003.