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Curiousinre…, Real Estate Pro in 89506, NV

It seems that the bottom may have been about 3 months ago? Do you agree with this?

Asked by Curiousinreno, 89506, NV Thu May 3, 2012

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I'll agree that in the last several months there has definitely been a spike in buyers, resulting in competitive offers increasing...

Can there still be a bottom ahead of us? Absolutely. What are the chances prices continue to drop? I believe slim to none.
0 votes Thank Flag Link Fri May 4, 2012
The jury is still out....................
0 votes Thank Flag Link Fri May 4, 2012
The bottom was likely Sept 2009 or 2011. Both are pretty close candidates. But, starting 3 months ago, there's been a spike in buyer interest and activity. Prices are jumping quickly with up to dozens of offers per property. It's hard to say if this pace of activity will last, but the strength of the rebound feels robust enough to keep property prices from dipping back to the lows.
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0 votes Thank Flag Link Fri May 4, 2012
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