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Is it Time to Sell Your Home?
We’ve struggled through the real estate market meltdown over the past few years.  The national news has made sure it’s never far from our minds.  But let me remind you that real estate is never national. It is always local. So, how do you know what the market is doing in your neck of the woods?
Here is a simple formula to use wherever you live. If there are more houses coming on the market (new listings) than are leaving the market (going under contract) for three straight months, the market is in decline. Conversely, when there have been three consecutive months when more houses are going under contract than new listings coming on the market, we are experiencing an appreciating market. So is the Southeast Shreveport market appreciating or depreciating?
Let’s take a look at the figures for homes in our area. I’m going to look at January to-date and four months of data to give us a good picture of the market trend in Shreveport and Bossier City.
 
As you can see, for the past three-month period (including January), there have been more new listings than homes go under contract. That’s a clear case of a buyer’s market. There ... more

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