Has housing reached a bottom?

Around the North Shore there is a buzz about the housing market:  I get asked many questions but the constant theme of the conversationi is "Hows the market? "  Or   "I hear things are picking"  Or " A friend of mine sold his house in 3 days it only took one open house."  Although we still have a long way to go until we reach the levels of 2005 / 2006 it appears that the housing inventory is being absorbed and prices are stabilizing.  We have seen some towns have double digit price increases on a month over month basis while others have seen a price increase of less than 1% and others are still hovering around a zero change. 

This article shows the latest consensus on the housing market from a national perspective. 




Have a great weekend!!