Leominster, MA 01453 Real Estate Market Update Dec 2007

Real Estate Statistics for Leominster, MA 01453 from Leominster's Top Selling Real Estate Agent Every Year since 1999:

Single Family Homes in Leominster are seeing a gain in activity as evidenced by the increased number of sales (both in the MLS as well as other sources) over last year (YTD ending 12/31/07):The average sales price in Leominster has fallen to $266,454 (a decline of 5.62% over 2006's year-end number).

However, as of the same period, the number of single family sales has INCREASED 12.16% to 249 units! (Data source MLSPIN).

One other interesting fact is that we have seen a decline in the number of available Single Family Homes as well in 01453. If we continue with this pattern of Increasing sales and Decreasing inventory levels, prices should stabilize at some point! Yes, it is not the same market as it was in 2004 & 2005, but despite the media's negative outlook, HOMES ARE STILL SELLING!! (Well, at least Single Family Homes are in Leominster - More about the Multi-Family and Condo market later).

IMPORTANT TIP: Rates are Great right now, and with a reasonable good credit rating, financing is available! Be careful not to get caught trying to 'time the market'! Also, don't forget the fundamentals of Economics - 'Supply and Demand'. (Notice that single family sales are increasing in Leominster...)

ZIP Code: 01453Location Characteristics: Located approximately 46 miles from Boston, Leominster is one of the first affordable communities within a 'reasonable' commute. There is great access to all major employment areas via Route 2 and I-190 as well as the MBTA Commuter Rail which stops in Leominster on its way into North Station in Boston! It's A Great Place to Live!