Home prices flat from March to April

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.

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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.

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