December Home Sales Rising, Prices Stabilizing

December Home Sales Rising, Prices Stabilizing

Denver, CO – January 19, 2011 – (RealEstateRama) — 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.

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Based in Denver, Colo., RE/MAX International oversees a network of nearly 100,000 Sales Associates in more than 75 countries, an international presence greater than any of its competitors.  Nobody in the world sells more real estate than RE/MAX.

RE/MAX has been honored as the leading real estate franchise in the "2009 Franchise Times Top 200," and has been the leading real estate organization in Entrepreneur magazine's "Franchise 500 Survey" for nine of the last 11 years.

Contact:

Allie Musso

Phone: 303-796-3662

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