Not even close. More like they dropped to a few months ago. 1.8% seems like a rounding error. Probably the middle to high end is seeing most of the drop. In the 2-5 million range, houses have been staying on the market longer. Houses around where I live are still selling for $100,000 + over what I paid in 2013...
I guess what I'm asking is, did SF housing prices merely fall back to where they were in 2013? Or all the way back to where they were in, say, 2009?