Ascension Parish Real Estate Market Stats for March 2010

Monthly Sales were 132 units. Comparison to last month:  Increased 28% from 95 units.  Comparison to this month last year: Increase 23% from 101 Units.

Average Sold Price was $206,632.  Comparison to last month:  Increased 5% from $197,059.  Comparison to this month last year: Decreased 5% from $216,217.

Current Inventory is 4.73 months.  Comparison to last month:  Decreased from 6.45 months.  Comparison to this month last year: Decreased from 6.91 months.

Average Days on Market were 92.  Comparison to last month:  Held steady at 90 days.  Comparison to this month last year: Decreased from 107 days.

So what do all these numbers mean?  The June 30, 2010 closing deadline for the tax credit is nearing!  The early risers are closing on their new homes so that they are sure to meet the deadline for the tax credit. 

In March, the hottest price range was the $160,000 to $169,999 range. 

Remember, the tax credit expires on April 30, 2010.  Purchasers must be under contract by this date and must close by June 30, 2010 to qualify for the credit.

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.