- The number of Longmeadow home sales for the January - June 2015 was the highest total for the past 10 years. Comparison of results vs. the year earlier period showed significantly higher results. (95 vs. 87, + 9.2%, see figure 1). Home sales for 2015 are shaping up to be one of the highest totals in recent years.
- The June 2015 median sales price (six months trailing average) was 6.3% lower vs. the corresponding June 2014 result ($313,750 vs. $335,000, see figure 2).
- Over the past 10 years (2006 - 2015) median sales prices in Longmeadow have ranged from a high of $350,000 (October 2007) to a low of $244,000 in May 2012.
The official median assessed value for all Longmeadow single family residential properties for FY2015 was $284,700.
- For the January - June 2015 period, only 26% of the homes (25 out of 95) were sold below the official assessed value (see figure 3 below). This compares to 29% of the homes (61 out of 207) that were sold below the current assessed value in 2014.
|Figure 1- Monthly Longmeadow Home Sales|
|Figure 2- Monthly Longmeadow Median Sales Prices|
|Figure 3- Home Sales Prices vs. Assessed Value|
Here is a link to the data for 2006-2015 Real Estate Transactions that were used to develop the above graphs.