The Maine Association of Realtors reported the median sales prices of existing homes were up 4.84% during the month of February when compared to one year ago. The statewide median existing home sales price reached $193,950 for the month, up from February 2006's price of $185,000. The median sales price indicates that half of of the homes were sold for more and half sold for less. A total of 698 homes changed hands during the month, down a slight 1.13%. Nationally, sales of single-family, existing homes decreased 3.4% from last February.
My personal opinion is that the current "soft" real estate market is mostly a media-inspired event -- although no doubt there was overbuilding in some markets and other areas where prices needed "stabilizing".
But this does give buyers a "window" to shop for properties at more realistic values....
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment