Home Sales Continue to Rise, Prices Remain Under Pressure

From RealTrends.com: Denver, CO – February 18, 2011) – For the first time in six months, home sales in the 54 U.S. markets surveyed in the RE/MAX National Housing Report are greater than one year ago. The year-to-year sales difference has been improving for three consecutive months. In January it turned positive with a 0.7% increase in sales from January 2010. The trend has been led by several cities experiencing double digit sales growth.   Home prices, which have been relatively stable, were 4.6% lower than in January 2010. The inventory of homes for sale continued a downward trend, and is now 5.6% lower than January last year.