Price drops driving real estate sales spike

Buyers remain worried about financing, further price declines

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

Growth in home sales appears to be driven by the willingness of sellers to lower their prices rather than a broad-based increase in demand and buyer confidence, according to an analysis by real estate data and analytics firm Radar Logic Inc.

In "Housing is a Buyer’s Market," the company analyzes price and sales trends in the nation’s 25 largest metro areas.