Buyer's market?

This graph shows the Pierce County housing market up to $250,000 from January 2008 through March 2009. Whoa Nelly! Things are picking up! The little triangles represent pending sales and they leapt up in March. As of today, the standing inventory for homes for sale under $250,000 in Pierce County is below 7 months. 6 months is considered a neutral market. The "buyer's market" is gone in Pierce County in this price range. In fact, several agents in my office have experienced multi-offer situations repeatedly. It has been bank owned properties and short sales driving this improvement in pricing. Improvement? I know, I know. But even though prices have dropped and it is bumming sellers out, it's the only way we are going to see a turn around real estate. I am very curious to see how April turns out. Stay tuned...