Maine Association of Realtors Holds "Clearance Sale," Cuts Prices At Least $10k

Realty Check reports that more than 900 sellers have signed up for the event held by the Maine Association of Realtors. The median price of a single family home in Maine is $159,900, so a $10k drop is significant.  "It's a price more than a beauty contest," Mike La Plage, president of the MAR said.

Locally, many sellers are responding to the lack of buyers and doing their own price reductions.