Home sales in January were up from 2010 across the country, including the Midwest, according to a national real estate analyst.
Unit sales were up 4.3 percent nationally in January and 5.9 percent in the Midwest, said Steve Murray, editor of Real Trends, a Colorado-based real estate analyst.
However, the average price of new and existing home sales in January dropped 6.2 percent, 3 percent in the Midwest.
"The increase in unit sales in January over January 2010 should be viewed against the stimulus provided by the second installment of the Federal first time homebuyers tax credit a year ago," Murray said. "The fact that sales for January were up from January 2010 is very encouraging."