FREE PRESS BUSINESS WRITER
Metro Detroit home sales continued in positive territory for January.
Home sales rose 25.7% last month to 4,301 from 3,421 in January 2008 for Wayne, Oakland, Macomb and Livingston counties and parts of St. Clair County, according to Realcomp, a multiple listing service in Farmington Hills.
Realcomp figures come from sales that closed in January as reported by its Realtor members.Karen S. Kage, CEO of Realcomp, said she was heartened that the inventory of homes on the market dropped by 21% compared to 2008. The number of homes on the market in January fell 21% to 53,815 from 68,174 in January '08.