Monthly Sales were 71 units. Comparison to last month: Decreased 51% from 145 units. Comparison to this month last year: Decreased 32% from 105 Units.
Average Sold Price was $221,460. Comparison to last month: Increased 14% from $194,341. Comparison to this month last year: Increased 2% from $217,878.
Current Inventory is 10.11 months. Comparison to last month: Increased from 4.9 months. Comparison to this month last year: Increased from 5.80 months.
Average Days on Market were 113. Comparison to last month: Increased from 61 days. Comparison to this month last year: Increased from 109 days.
So what do all these numbers mean? Remember, the tax credit expired. Most closings happened by the June 30 deadline. (A few stragglers were able to take advantage of the extended deadline.) What I do see as encouraging is that the average sales price was up. If you are a seller, you have a lot of competition out there. Make sure that your home is is top notch condition and price it well. An overpriced home will only help to sell the competition.
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.
Comments(0)