From the housing price prediction site below
In Durham home sales have also seen a boost and may soon see a bottom since prices didnâ€™t climb as much as in Charlotte. But the upward surge in housing sales shouldnâ€™t be viewed as the market returning to any sort of healthy equilibrium for sometime since financing is tougher to get and foreclosures are showing signs of growing.
However, the extension of the federal tax credit should act to boost the market with lower home prices and low mortgage rates. Durham is also attractive as a college town to investors, who see investing in the community as a more long turn solution in real estate than many other areas. Durham home prices, however, are forecast to decline an average of 8.9% in 2010.
I expect 2013 to 2014 to be the first year possible for higher prices nationwide unless hyper-inflation happens which it could.
Home sales by numbers are not as important as sales by price. If you have more sales occur because prices drop drastically it only show a reaction to more realistic pricing.