Today's real estate market is one of excitement and frustration.  With only 60 homes listed as active on the MLS in Billerica,MA today there is limited inventory to choose from.  In the last 30 days, 30 properties have gone under agreement and 44 have been marked as contingent.  That is less than one house per buyer and a the ingredients for a very strong seller's market.  Buyer's are excited to view properties and find that perfect home only to be out bid by a competing buyer.  Rates are still hoovering around 4% give or take and FHA loans now have a lower PMI (private mortgage insurance) premium giving more buyer's a real opportunity to become a home owner. Billerica offers a wide variety of home styles and lot sizes with prices ranging from the low $200,000 to about $650,000. New construction homes can be from 300,000 to 600,000 depending on square footage and details.