Have we hit the bottom of this “down-market” in real estate?

Many of the agents I’ve spoken to see the current market as “smoothing out”. The market was in such a downward spiral it was hard to tell how far prices would have to fall before buyers would return. There’s good news, BUYERS HAVE RETURNED! When taking buyers out to view houses for sale, it’s not unusual to have to wait for another agent and his clients to first finish with thier viewing before we can go in. We’ve even joked about just handing the keys over to the next agent whose waiting to show it as you exit. We see this increased interest especially high in the newer homes listed at $250,000 and below.