Month/month is always evolving. The shorter the time period, the less meaningful the statistic. The best time to buy real estate has always been in the dead of summer and in the freeze of winter. Prices drop dramatically during those periods. They pick up again per usual for the rest of the year. A drop month/month following the biggest month/month gains (and no winter slowdown which is highly unusual) is just the market resetting back to normal. Expect 5%-7% gains year/year going forward rather than the 20 - 30% in recent past.