[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.
