[img_assist|nid=16432|title=Short Sale Inventory market clearing|desc=|link=node|align=left|width=436|height=332]
Look at that inventory line dropping since last Summer. It hasnt stopped dropping. Inventory is down more than 40%. That drop is attributable to a large block of short sale inventory getting cleared from the market. It hasnt been replaced and there is no signs that it will be.
With these kinds of inventory levels there is very little chance of prices going down.