Defying the seasonal trend, December home sales rose by 13.2% from November in a survey of 54 metropolitan areas. Home sales dropped 5.0% from December 2009, but this is the lowest year-over-year drop the survey has seen in five months. While some industry analysts predict a serious decline in home prices in the new year, The RE/MAX National Housing Report, showed home prices dropped by only 2.2% from levels in December 2009. The inventory of homes for sale continued a downward trend, falling 8.8% from November and 2.9% from December 2009.
To see the full two-page report, click here. Feel free to use this data in your newsletters and promotional materials; just be sure to reference the RE/MAX National Housing Report as your source.
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