This seems like good news to me. From an article, written by a Florida guy, titled Cause for Optimism Amid Gloom:

The housing market, which everyone believes must be healed before recovery can begin, is quietly healing itself. Home sales in California, the eye of the housing storm, are rising. Lower prices are attracting buyers at a rate 85% above last years pace. Indeed, even as the median price fell over 40%, the total dollar volume of sales in December was higher than the same month last year. Florida has seen existing home sales rise for four consecutive months, although the rise is more muted than California, up only 27% over last year in December. The government’s actions last week to limit foreclosures not only angers responsible homeowners, it slows the process of moving houses from those who can’t afford them to those who can.