I may be dead wrong, but for the first time in several years I'm noticing a measurably shift in the real estate market.  Many areas of New Orleans have had far more listings than sales, or what is known as "oversupply" in the marketing area.  This of course drives prices down.  Lately, when I'm doing this statistical calculation I'm noticing a dramatic shift in the number of active listings vs. sales--in many instances there is the reverse--too few listings in relationship to sales!  At first I thought it was an anomoly.  But, in marketing area after marketing area, from New Orleans East, to the Westbank to Saint Bernard, the days on market are less and less and so are the number of active listings. So, maybe the market has hit bottom and maybe it's actually be rebounding in many places.  Let's hope so.