Has the arizona market bottomed out???

Over the past few weeks i have been noticing that the pending sales have been increasing dramatically over previous months. is this just me hoping or is there actually a trend happening.

I do realize that prices are still dropping but with pending going up and a feeling of normalcy entering the public conscious is it the beginning of something good? for the record i have had more sign calls today December 23rd from real buyers than I have had for weeks and have just accepted 3 offers and have had 6 showings today.

Im positive, what do you think?