New England statistics as a whole are helpful. But what about for the town we live in? Real estate trends are only accurate for you if they are drilled down as locally as possible.

Here are the trends for Leominster, MA from the past couple of years:

stats Leominster ONLY dollars and units

These are more helpful if you are buying or selling a home in Leominster than numbers that apply to the entire New England region. The numbers- which were obtained from our MLS- show that prices in Leominster dropped nearly 25% in the past two years. As the prices came more into line with what the buyers expected, and probably partly due to the first time homebuyer’s tax credit, sales rose a bit cumulatively over that same 2 year period.
Buyers and sellers need to be aware that a home MUST go under agreement by April 30, 2010, and the property MUST close before June 30, 2010- see the IRS document explaining that. With the mortgage process taking so much time lately, that 2 month window of time isn’t all that long.
If you would like statistics that are even more relevant- drilled down to your neighborhood, or more up to the moment- call Gerry at 978-537-6401 x24 or