I reported in the first quarter of this year that home sales had out paced sales during the same period in 2008.  Well, after getting off to a fast start, homes sales slowed a little, and are now on pace with sales in the first half of 2008. Through July 2009, a total of 176 homes were sold as compared to 173 during the same period in 2008.  However, these numbers still do not compare to the 253 homes sold during the same period in 2007.  Because the 2009 and 2008 sales are almost the same, it maybe an indication that the housing slump has bottomed out.  The remainder of this year will be interesting as some national prognosticators are projecting homes sales to remain flat through the rest of this year.  I tend to agree .

Data Obtained from the Greater Baton Rouge Association Of Realtors.

 

2 Comments on Zachary 2009 Home Sales On Pace With 2008

AUG
16
2009
179,056 Points 13 Featured Posts

Robert,

Interesting analysis, this appears to be right in line with the NAR numbers for the rest of the country.

I have been follwing th mortgage purchase application index and that continues to point to weaker but sustained demand for the next couple of months.
5:25pm • #1
1 Featured Post

Mark,

Thanks for responding.  I have seen the same thing nationally.  Interesting that home sales in Zachary seemed too slow down later than the rest of the nation.  I am interested to see if the rest of the nation will recover first.
5:39pm • #2


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Robert Snowden

Zachary, LA

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Ken Doss Realty Inc.

Address: Zachary, La, 70791

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