Kittery/Eliot ME Real Estate - April 2008 Market Update

The latest forecast by the National Association of Realtors (NAR) claims that existing-home sales are projected to trend up in 2008. I definitely see that happening here in the Seacoast. In fact, Lawrence Yun, Chief Economist for NAR was quoted recently saying, "The improvement in the Northeast reaffirms a trend apparent for some months now that shows signs of recovery, noteworthy because that was the first region to slump." Yes, he said did say improvement in the Northeast!

Let's check out what's been going on in the Kittery/Eliot area.

1. 21 homes sold in the Kittery/Eliot area in April

2. Year-to-date, 41 homes have sold in Eliot and Kittery, ME.

3. 19 Eliot/Kittery area homes went pending with active contracts in April, and

4. There are currently 174 active listings in this area as well.

If you are thinking of selling, now is a great time with home sales trending upward. Price your house right and it will sell.

If you are thinking of buying, now is definitely the time. If you are waiting for home prices to go lower I believe you may have missed the bottom so now is the time to get off the fence.

If you or someone you know is looking to buy or sell, please feel free to call or email me--I'm never to busy for your referrals!

For more real estate information, check out www.SeacoastHomesForYou.com.

To receive a FREE on-line home market analysis, check out www.GetFreePropertyValues.com .