PORTLAND — A report by a New England regional real estate firm says Maine’s housing market took a dip coming out of the winter season, with home sales declining 10.7 percent in February.
Compared to February 2010, home sales were down 5.2 percent, according to Re/Max New England. But it says prices held stable with a slight decrease of 0.9 percent.
The report says that regionally, buyers found tighter credit standards and unfavorable weather conditions for home buying, leading to a decrease in sales in February.
But Re/Max says the spring market should see an uptick in inventory, breathing more life into Maine’s housing market.
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