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Manic housing market: Lowered pricing on homes not always a bad sign

Peggy Bellar, a real estate agent in the western Catskills hamlet of Margaretville, N.Y., recalls the languid days of two years ago, when houses sat on the market an average 200 days before they were sold.

Finding a Home in This Overheated Market

Finding a Home in This Overheated Market
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$200,000 Homes in Maryland, Minnesota and New York

$200,000 Homes in Maryland, Minnesota and New York A 1940 colonial-style house in Salisbury, a two-bedroom condo in Minneapolis and a 1900 home in the Catskills. By Julie Lasky Salisbury, Md. | $195,000 A 1940 colonial with four bedrooms and two and a half bathrooms, on a 0.28-acre lot Salisbury (population: about 32,000) is the biggest city on the Eastern Shore of Maryland. It is in the center of the Delmarva Peninsula between Chesapeake Bay and the Atlantic Ocean, about two and a half hours southeast of Washington and two and a half hours north of Norfolk, Va. The Assateague Island National Seashore is about 30 miles southeast. This property is in a revitalizing neighborhood, on a street with vintage homes, within walking distance of downtown. Salisbury University is about two miles southwest, and the TidalHealth Peninsula Regional hospital is about a mile south. The house has a three-year-old roof and a new HVAC system.

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