Price drops driving real estate sales spike

Buyers remain worried about financing, further price declines

Get smarter. Grow your referral network at Inman Connect San Francisco
Limited seating still available, July 17-20

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.