Thursday, January 10, 2008

Longmeadow 2007 Home Sales Increase by 4.8%

Earlier this month the National Association of Realtors reported that seasonally adjusted existing home sales decreased by 20% nationally from November 2006 to November 2007 while in Longmeadow home sales increased by 4.8% in 2007 from 2006 as shown in the chart below. A total of 198 homes were sold in 2007 as compared to 189 in 2006...

[click on chart to enlarge]

In the same report, the National Association of Realtors stated that the national median price of homes dropped 3.3 percent ($217,300 --> $210,200) from November 2006.

The chart below shows that the median sales price for Longmeadow homes sold in 2007 increased to the mid-2006 levels after dropping in early 2007. Median prices for homes in Longmeadow showed a slight increase ($334,000 vs. $336,000) when comparing results for November 2006 vs. November 2007.

[click on chart to enlarge]

While the overall real estate market for Longmeadow was not as vibrant in 2007 as it was in the 2005-2006 time period, sales results and median prices appeared to be doing better than many other regions of the United States.

Monday, January 7, 2008

Real Estate Buzz at is the #1 Business and Community Website for the Town of Longmeadow, Massachusetts. There are many features of interest to town residents at including the Town Calendar, Longmeadow Community Bulletin Board and FREE Classified Ads.

One of the most visited sections of our website is the Longmeadow- House for Sale by Owner on which sellers can advertise their property for sale. In addition to listing of properties for sale we also provide additional resources for both prospective home buyers and sellers including summary and analysis of Longmeadow Real Estate transactions.

We have improved the FSBO section by adding new features such as Live Maps, a continuous slide show, and a "print a flyer" option. In addition, there are plans to offer a video tour for the upcoming Spring 2008 selling season.

The purpose of this new blog is to provide additional resources through articles of interest from local and national guest writers from the real estate industry.

Jim Moran