New Jersey Estates/Weichert Realtors/ NJ Luxury Real Estate/ New Homes: Regional Report: ***Northeast*** could be on the rebound.

Regional Report: Northeast

According to the National Association of Realtors, sales of existing homes in the Northeast could be on the rebound.

Existing-home sales dropped 6.5 percent in the Midwest last month, their report says, and 3.5 percent in the South.

But sales rose 2.2 percent in the West and Northeast, and according to some agents in the Northeast, their market is getting along fine.

Dody Whitehurst of Darien Connecticut says Spring is here and new listings are coming on the market daily, and demand remains high given the city's close proximity to New York City and local airports.

Brian Parkes of Ridgewood, New Jersey says that if you're planning to put your house on the market any time soon, be sure to talk with a professional first.

Condition sells, he says, and the best thing to do is price your home right and make it shine.

And moving on to Poland, Maine, market expert Linda Beaulieu says the lack of speculative buying during the boom years kept her market from going bust.

Her market is remaining steady given in part to Maine's stable economy, and though sales were down over the winter, prices have only dropped a slight 2 percent.

That's it for today's Northeast report. Be sure to check back for information on your regional market.


April 25, 2008