Shown below are a series of charts summarizing the latest single family home sales in Longmeadow, Massachusetts.  These results include both MLS and FSBO transactions and are based upon public information obtained from the Hampden County Registrar of Deeds website.

1Q-2Q/2010 Highlights

• The first five months of 2010 showed very low home sales levels with February, April and May 2010 being the three of the worst sales months in the past 5 years. Only 5 homes were sold in February.  However, June showed one of the best months in the past five years with 31 homes being sold.  This rebound in June home sales may have been due in large part to the $8000 home buyers credit for sales transaction closing by June 30. 
  
  With the large number of sales in June Longmeadow's January - June 2010 sales results were only slightly lower than the comparable period last year (see figure 1) but much lower (-27%) as compared to 2007- the last good year for home sales in Longmeadow.
  
  1Q-2Q/2010: 73    1Q-2Q/2009: 74    1Q-2Q/2008: 64    1Q-2Q/2007: 100   1Q-2Q/2006: 94  

• During the 1Q-2Q/2010 median sales prices for homes in Longmeadow appeared to stabilize at ~ $300,000 (see figure 3).  However, median prices in June 2010 were still 14% lower than the peak reached in September 2007 ($301,250 vs. $350,000).  

• A large percentage of homes continue to be sold at prices below the official assessment value continuing a trend that has been in place for the past two years (see figure 2). For the 1Q-2Q/2010 ~ 40% of the home (29 out of 73) were sold below the current assessed value- with some homes selling more than $100,000 below assessment values.

Below is a chart showing the relationship between recent Longmeadow real estate Sales Prices  and Assessed Values (data obtained from Vision Appraisal website).

Note: The latest January - June 2010 home sales results were compared to the new FY2010 assessed values which are based upon estimated market prices as of January 1, 2009.