Bottom of real estate market?

More and more analyst and real estate professionals seem to be suggesting the US real estate market may have finally hit bottom. Nineteen out of Twenty the largest metro areas in the US showed modest prices increases (average 0.7%) from March to April of this year according to the S&P/Case-Shiller index that tracks single family homes…and Denver was on that list. It was a small improvement, but any improvement or push into positive territory is meaningful! As reported anecdotally from areas like Boulder, Broomfield, Louisville, and Superior, the market has been red hot with eager buyers lately…which will presumably translate to rising prices in these markets. I suspect the same thing is happening in other parts of the Denver real estate market like Highlands Ranch and Golden too.