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Indications Of A Healthy Spring Market With Stabilizing Home Prices In New England
April 18, 2012, by RE/MAX Insight
By RE/MAX of New England - Last updated: Wednesday, April 18, 2012
The RE/MAX of New England March Monthly Housing Report indicates an uptick in sales and decrease in inventory across New England, month-over-month and year-over-year. In addition, median home prices also increased month-over-month in each state. However, Maine and Massachusetts were the only states to show significant increases in median home prices year-over-year.
“For the first time in months, we are seeing a stabilization in median home prices,” said Jay Hummer, Executive Vice President, RE/MAX of New England. “Couple this with diminishing inventory and it’s a good indicator of moving toward a healthy spring market.”
RE/MAX of New England March ‘12 housing report
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