It all depends on where you are looking Bane. No I don’t think we have reached a bottom anywhere. I posted about the possibility of seeing a jump in activity in the spring and many people I know have experienced the same frustrations you have. It is tough on buyers who are being selective.
Just remember that secular markets do not go straight down. The have minor rallies within the greater secular direction. I would not characterize what we are seeing as a huge rally, just that pricing of certain properties in certain areas is getting slurped up by demand. Although people hate to acknowledge it on this site, there still is demand at certain price levels for certain homes in various zip codes. Is it indicative of a bottom? In my mind it is not but it may form at least a temporary base for a few months or longer until inventory overtakes that demand.
