Still at bottom, but getting better...

We seem to be bouncing around the bottom of the market but each month new indicators appear that point toward improvement. This month, although the number of sales is down slightly from last month, sales did improve over last April and prices are headed upward. Still, there are a lot of distressed properties out on the market, though the number on the Coast seems to be dwindling.

Here's an article from CAR that explains more...

“An improving economy, coupled with the steady pace of distressed sales in the market and the typical seasonal pattern in the median home price, suggests the statewide median price has reached its low point for this year and is unlikely to hit the bottom reached in February 2009,” said C.A.R. President Beth L. Peerce.