Prices still below 2005. 48,000 foreclosures in March.

While foreclosure inventory is down from a high of 21,000 per month, the inventory of foreclosure property is at 2009 levels.  5 million homes have been foreclosed and 48,000 foreclosures were completed in March per CoreLogic.
And prices overall are up nationwide an average of 12% though sale prices are still below 2005 levels.