It depends a little on which segment of the market we are talking about. Residential homes in the under 250K range have still been losing about 1/2 to 1% per month for this past year. Higher price ranges (which have seen few sales) has probably been losing even more per month over the last year. The lower price ranges (up to 150+- range are starting to firm up. First time buyers programs are moving this market. It will be interesting to see what happens when tax credit ends in April and as interest rate climb. Land sales and new home construction are very slow. You can buy an existing home in a good location, in good condition for far less than one can buy a lot, put in well, septic, driveway etc and reproduce the house. I expect this sector will lag for the for seeable future. VAcation condos are getting hit hard too! They have been losing 1% per month and will likely do so for some time. Just too many offerings for the buyer population. Hope this helps!