Is Today the Day?

Have we reached the real estate market turning point?

Portland metro/Vancouver/Beaverton is starting to see multiple offer situations, offers higher than asking price and lookers who were fence-sitting, turn into buyers.

Why? According to Coldwell Banker, Barbara Sue Seal's Certified Real Estate Success Coach, Ned Stafford, licensed in real estate since 1971, today marks a turn for the better. In addition to the above signs he witnesses throughout the Coldwell Banker offices, he attributes a turning point to the Dow going up 277 on Wednesday and up 207 today, plus oil decreasing in price.

What do you think? Is July 17 the turning point?