Homes For Sale in Pineville La--Late Spring Market Report
As Spring gives way to Summer, the Pineville La housing market remains upbeat. Let's take a closer look at how the market is performing in key segments. Have a specific question concerning your Pineville La home? Call Doug Rogers (318) 613-1994 or click Pineville La Real Estate to get started.
Homes Active For Sale in Pineville Louisiana
As of June 6th, there are 119 homes for sale in the Pineville area from 75k-309k. Homes listed below 75k are not included due to the fact that such units are typically investment properties. Units priced over 309k typically represent luxury homes and do not make up a significant segment of the market. With an average list price of 171,900 owning a home in Pineville Louisiana may be cheaper than renting a comparable property.
Homes that have sold in Pineville Louisiana
In the past ninety days, 87 homes have successfully closed escrow. That is almost one Pineville home sold EVERY DAY OF THE WEEK! With an average sales price of 143,900 dollars, many of these units are going to first time home buyers. How long will it take my Pineville home to sell? Every property is unique, but on average homes in the area are selling in a brisk 74 days.
What this report mean for Pineville Home Buyers
Lack of inventory is a major problem right now. There are more qualified buyers, than homes to sell in most price ranges. This is especially true in the sub 150k price point. Buyers should get pre-approved and do plenty of research before touring homes. When the "right home" hits the market, move on it in a hurry!
What this report means for Pineville Home Sellers
A balanced market is generally defined as 180 days of inventory. As stated above, our market is averaging only 74 days to a contract. But even in a hot market, some properties do not sell. Make sure your property is in "show" condition and priced right from the start.
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