Understanding pricing in Maine's Central and Southern Markets

While the headline from the Maine Associations of Realtors yesterday showed an uptick of 9% in sales we continue to see price pressures statewide with medium sale price down 3.66%  Both Cumberland County and Androscoggi nCounty were down. What this mean sand where do we go from here? It means homes must be aggressively priced to sell. BUYERS MUST KNOW THEY ARE GETTING A STEAL WHEN THEY BUY IN THIS MARKET! I believe and I hope I am wrong that we will see another 5% decline in prices, along with normal seasonal decrease in sales after November 1, 2012. In short, this is likely the new normal whether we like it or not. Eventually prices will further stabilize and maybe even increase inthe long term.?  Obviously a better economy, improved unemployment numbers, and less uncertainty are needed, but most of all-we need more Capital-more loan products, looser underwriting standards and so forth. Once more capital-be it private capital, government insured and/or alternative bank lending products come to the market, housing will improve.