DENVER – Home prices in the New England U.S. Census Bureau Division fell 12.7 percent in the 12-month period ending with April, according to data released today by Integrated Asset Services LLC, a Colorado-based real estate valuation tracker.
But New England’s prices rose 0.8 percent between March and April 2009, IAS reported.
“It’s too soon to call this a turn in the housing market, particularly given all the political and regulatory uncertainties,” IAS President and CEO Dave McCarthy said in a statement this morning. “I think that we’re still in for some difficult spells ahead, but we are seeing a certain kind of pricing equilibrium in several important markets. That’s encouraging for the long term.”
Sales in the Northeast region – a combination of the New England and the Middle Atlantic divisions – dropped 10.8 percent in the 12-month period ending with April. The region’s home prices rose slightly, 0.6 percent, from March 2009.
Nationally, prices were down 13.0 percent year over year. There was no change between March and April national prices, according to IAS.
While year-over-year prices dropped in all four U.S. Census regions, the month-to-month change from March to April was negative in only one region: the South, which dropped 0.3 percent.
A privately-held Colorado corporation, Integrated Asset Services LLC offers mortgage servicing, real estate asset management consulting and property data tracking. For additional information, visit www.iasreo.com.