Monthly Sales were 86 units. Comparison to last month: Decreased 4% from 90 units. Comparison to this month last year: Increase 17% from 71 Units.
Average Sold Price was $187,791. Comparison to last month: decreased 10% from $208,335. Comparison to this month last year: Decreased 17% from $225,146.
Current Inventory is 6.95 months. Comparison to last month: Holding steady from 6.73 months. Comparison to this month last year: Decreased from 11.15 months.
Average Days on Market were 76. Comparison to last month: decreased from 86 days. Comparison to this month last year: Decreased from 98 days.
So what do all these numbers mean? In my opinion, they mean that we are holding steady for this time of the year. The Average Price Sold being down in nothing to be alarmed about. The original tax credit was due to expire on November30, 2009 so I would venture to guess that most of these homes were bought by first time home buyers. The price point in which they buy is lower than $200,000. In fact, most of the homes sold were in the $170,000 – $179,999 range. The great news is that home sellers were getting 98.98% of their asking price! Kudos to the homeowners and Realtors (r) who are working together to price the homes correctly!
As I am sure you are aware, the tax credit has been extended to having an accepted contract in place by April 30, 2010 and closing by June 30, 2010. It has also been expanded to include “long time homeowners”. These homebuyers will receive $6,500 on a new purchase. For more information about these credits, click here.
My family and myself wish you a Very Merry Christmas!
These stats are for areas 90,91 & 92 in Ascension Parish. Information used from Greater Baton Rouge MLS. They include only single family dwellings. Mobile home and land sales are not part of these numbers. If you would like information on either of these, feel free to let me know.