Of course we don’t have a crystal ball, so we don’t have an official answer, but Residential Manager, Phil Levin, was noticing that while home prices have been falling, the amount in which they decline each month is getting smaller and smaller. ie: January we were sitting at an average home sale price of about $258,000. Now the average home sale price is $182,000. In the months between, home values have slowed their trend downward by less and less each month. In February the average home sales price was $15,000 less than the previous month. Following respectively, $14k to $9k to $7k to now about $3k. Does this signal a change in the market? Possibly. Could we see home prices rise sooner rather than later? Maybe. It’s encouraging news at any rate. Right now is still a GREAT time to buy property, so help your clients take advantage of that.