Median prices drop in many cities

Two-thirds of the nation's 149 metropolitan real estate markets experienced lower home prices during the first quarter of 2008 - the largest number of declines ever reported - and 46 states saw declining sales, according to figures issued Tuesday by the NATIONAL ASSOCIATION of REALTORS® (NAR). Nationally, the median price fell 7.7 percent to $196,300 in the first quarter, down from $212,600 a year ago, while sales fell 22.2 percent from the first quarter a year ago.

Posted by Brad Butler on 05/21/2008 09:00 PM

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Real Estate Agent: Brad Butler (Re/Max Homes & Estates)

Brad Butler
Newport Beach, CA
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