The Real Deal Miami

Home sales up nationwide: report

February 18, 2010 01:24PM

Home sales increased 44 percent in December 2009 on a year-over-year basis, according to according to a new report from real estate data and analytics company Radar Logic, which tracks housing market data in 25 cities across the country (see the full report below). Prices were also up during December, in the first November to December price jump since 2004.
Sales of foreclosed homes, at prices 37 to 38 percent lower than in non-distressed property transactions, accounted for 24 percent of all sales by the middle of the month, down from 38 percent in January 2009.
“Most signs point to a return to more normal activity in housing markets,” Michael Feder, president and CEO of Radar Logic, said in a statement. “While we are still exposed to inventory swings and financing constraints, a continued recovery this spring looks likely.” TRD