I live in the Eagle Point subdivision in Slidell Louisiana. There are currently 10 houses for sale. These houses range from 220 thousand to 257 thousand. I see one is under escrow, another one under contract recently expired. These houses have been on the market for some time. I truly believe the prices are still to high. The sellers are trying to get over 140 a square foot. In this market I feel that is more than a bit ambitious. I truly believe 125 a square foot would move this inventory. I will continue to watch this and see how it plays out.
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