Maine Real Estate Bargains Abound During 'Clearance Event'

The Maine real estate market tried to jump-start sales last week, by staging a week-long "Clearance Event." Inspiration or desperation?

"We got over a foot of snow today, it doesn't feel like spring around here," according to Mike LePage, President of the Maine Association of Realtors. "We hoped this would jump start the spring market."

To be included in the event, properties had to drop their prices at least $10,000. And with many hundreds of properties involved, Maine Realtors are hoping this new campaign will bring sales and movement to their market.