[Steven Scharf]

Portland Press Herald Maine home sales rise nearly 13 percent April 22, 2014 Home sales in Maine increased 12.6 percent last month, continuing a year-long stretch of rising sales and bucking a drop in sales nationally. . . . According to the National Association of Realtors, sales of existing single-family homes fell 7.3 percent across the country last month. The national median sale price rose 7.4 percent, to $198,200. Sales in the Northeast dipped 4.8 percent, while the region’s median sale price increased 3.2 percent, to $244,700. http://www.pressherald.com/news/Maine_home_sales_rose_12_6_percent_in_March_.html I have never understood why they break out new home sales from existing home sales. The total of both is the real picture of the market locally or nationally. Yes, you might want to list them as separate entities, but highlighting one over the other gives a distorted picture of the economy.

[Steven Scharf]

Hate it when things don’t post correctly.

Portland Press Herald
Maine home sales rise nearly 13 percent
April 22, 2014

Home sales in Maine increased 12.6 percent last month, continuing a year-long stretch of rising sales and bucking a drop in sales nationally.

. . .

According to the National Association of Realtors, sales of existing single-family homes fell 7.3 percent across the country last month. The national median sale price rose 7.4 percent, to $198,200.

Sales in the Northeast dipped 4.8 percent, while the region’s median sale price increased 3.2 percent, to $244,700.

http://www.pressherald.com/news/Maine_home_sales_rose_12_6_percent_in_March_.html

I have never understood why they break out new home sales from existing home sales. The total of both is the real picture of the market locally or nationally. Yes, you might want to list them as separate entities, but highlighting one over the other gives a distorted picture of the economy.