Houses are not fungible and there are unique reasons for each deal closing. Even as the market goes down, there will be deals done that appear to buck the trend - just like a stock chart where the price dances up and down around a trend. Calling the housing market bottom because one house sold for a good price is akin to calling the S&P bottom because one company beat numbers and its share price jumped - you have to take a step back and look at the bigger picture.