A Win-Win? Housing Inventory Down, Home Sales Up

National home sales and median price listings in September went up from a year ago with the home inventory down about 20 percent, according to multiple reports Thursday.

These positive signals were offset by a continued slight downward trend in home sales prices, down 3.3 percent from a year ago according to RE/MAX.

But with home sales up, RE/MAX CEO Margaret Kelly said the hope is that sales price will follow. Of the 53 markets surveyed by the company, 17 saw yearly sales price increases, including Detroit (13.4 percent), Miami (8.4 percent) and Orlando, Fla. (7.8 percent).