is it turnaround time for Tucson

From an article in today's Arizona Daily Star
Home sales data raise turnaround hopes for Tucson
"...some indicators in the report — released Friday by the Tucson Association of Realtors — are pointing to a brighter future for the market", said Judy Lowe, president of the Tucson Multiple Listing Service.
here are those numbers for Tucson home sales
        June home sales (07 vs. 06)
• Homes sold: 1,226 Down 19.55 percent
• Pending sales: 2,053 Up 18.92 percent
• Median Price: $229,000, UP 1.78%
While the number of sales that closed in June was lower than at the same time a year ago, the number of pending contracts increased by about 19 percent, according to the report.
Judy Lowe said those signs mean the end is likely near for the slowdown in the Tucson market.
And there were fewer homes sitting on the market in June. The number of active listings dropped to 8,665 last month after reaching as high as 10,387 in April.
While I tend to agree with Judy Lowe that the end of the slowdown is near, I see the 19% increase in pending sales as an encouraging sign that will be a more convincing indicator if we see a similar increase next month and the month after that.
But the real reason that I agree is because of what I see happening out on the street between buyers and sellers. And Judy Lowe says it "Sellers are willing to give a little bit, and buyers are willing to not think they can steal the property" That's what I'm seeing.
After being far apart for a long time, sellers and buyers have gone a long way to bridging the gulf between them, and are now at, or very near agreement on where prices should be. Once that happens, homes sell.