First of all; you would not be buying "The Market"; you would buy ONE HOUSE!
If you are an Investor, your interest would be quite different; but if you are buying a HOME for your family, you should be considering the neighborhood, schools, layout and condition before you worry about the nickles and dimes.
Secondly, No one can see the bottom; possibly six months or a year later, we will be able to look back and see the recovery.
Thirdly, the Market will recover differently in various parts of the country and even in various neighborhoods: Look for the other signs of growth; construction, unempolyment and ratail business.
Good luck and may God bless