California housing market decline - indicator of things to come?

[Brant Jones]

"April's sales total was down 25.6 percent from the 373,070 level in March and down 30.1 percent from a year ago. It was the first time home sales dropped below the 300,000 level since March 2008, and the month-to-month drop was the largest since at least 1979, when C.A.R. began tracking this data. Additionally, the year-over-year decline was the first double-digit loss in 15 months and the largest decrease since December 2007."

Read the full article, here: https://markets.businessinside...

Curious if everyone feels this is an isolated decline, or if your markets are seeing similar declines?