Below is a detailed explaination of the latest market trends in North East Orange County.  This infomation consist of active, pending and closed sales.  Go ahead and pay careful attention to they data presented.  As you may already have noticed, there has been a steady decrease in inventory, a slight increase and pending and sold transaction.  Experience shows that when you have a decrease in inventory and an increase in activity, the market is making progress.  I would imagine that if inventory continues to decrease, there will be stability in pricing... I'm not going to tell you that the market has hit bottom... what I would like to suggest is that the market is moving, and there is activity!  Sooner or later the market will come back.  The question is, where will you be when that happens?