reo sales in lafayette: REO Sales are Up While REO Inventory is Stable in Lafayette, LA - 05/21/12 10:34 AM
While the percentage of foreclosures on the market has remained stable in Acadiana and went down a little in Lafayette parish, more of them are selling and at a faster rate.
Since the beginning of the year, REO sales account for 18.8% of residential sales in Acadiana and 11.9% in Lafayette parish. When I wrote about the foreclosure market in December, REOs represented 13% of sales in Acadiana and 8% in Lafayette parish.
Foreclosures also sell faster. The average days on the market for foreclosure since January is 72 days while that of the market as a whole is 105 days.
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Dr. Chantal Saucier, Lafayette Area Real Estate

Lafayette, LA

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Keller Williams Realty Acadiana

Address: 900 South College, Suite 100, Lafayette, LA, 70503

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