Home sales rose in Richmond area in 2011, but prices fell

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However, "we would like to see four to five months of inventory … We've been moving through the excess inventory and are moving toward a more balanced, healthier market." In the Richmond area, it would take six months to sell all the houses for sale …
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Realtors see local home sales recovery continuing

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Compared to the sharp declines in Northwest Michigan's real estate market that accompanied the 2008-09 recession, the local home sales picture during 2011 showed more signs of stability — and by some measures, growth. “We're not totally out of the bad …
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