I predict within six months that homes priced over 400K will start rebounding. Although, in the present market, most of the sales are in lower- priced homes- below 350K, the buyer showings (which reflect interest) have increased quite a bit in homes priced in the higher ranges.  A market turn-around is likely around the corner. Of course, no one knows when the bottom has been met and the market pulls up– with  houses appreciating– until a quarter or six months after the bottom has occurred. There is no doubt about it, the number of listings is depleting; so if you want to find your dream house at a great price,and finance it with a low interest rate, it is time to dive in!