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).
Home sales nationally went up 7.6 percent from September 2010 with increases in 44 of 53 markets, including Des Moines, Iowa, (31.3 percent) and Minneapolis (30.1 percent).
Single-family home, condo, townhouse and co-op inventory was down 3.27 percent from August and down 20.09 percent from September last year, according to Realtor.com.
This year-over-year decrease could mean a return to seasonal patterns and higher prices in the coming months, though markets are still fragile and could weaken in bad economic conditions.
Only in Detroit can you get so much for so little. This manor looms over a tree-dotted boulevard and features interior flourishes, including hand-painted ceilings, hand-carved marble and hardwood floors.
Location: Little Rock, Ariz.
Sq. Ft.: 1,394
This brick single-story is running further below the national median home price, which hovers around $200,000, than other homes in our gallery. But it's a notable mention: The home offers a big living area, wood-burning stove and large eat-in kitchen.
It's not often you get a pool and lakefront property for just $225,000, but this charming home delivers you just that, along with five bedrooms (three with walk-in closets), three bathrooms and a multi-faceted kitchen.