Home sales for Lafayette Parish and the Acadiana area in May were very close to what they were in April. More homes sold in Acadiana while Lafayette Parish saw 6 fewer sales.
This is where I usually compare sales for this year with sales from last year. Yes, we keep hearing in the media that sales are down this year, and they are, but we all need to be reminded that we had the home buyer tax credit in 2010. Buyers needed to have a contract on a home by the end of April and close on the new home by the end of June. Therefore, home sale numbers for the spring of 2010 were "artificially" inflated.
The graph below shows home sales between January and May for 2009, 2010 and 2011. As you can see, there has been an increase in April and May when comparing sales from 2009 to sales in 2011.
There are currently 517 home sales pending in Acadiana and 342 in Lafayette. Last month, there were 543 sales pending in Acadiana and 351 in Lafayette parish.
There are 2329 homes available in Acadiana and 1252 in Lafayette Parish compare to 2293 and 1244 last month. So inventory is slightly up this month, which is a typical trend in the spring.
If you are thinking about buying, selling, or investing in real estate in the Lafayette and Acadiana area, visit my web site and start your search today!
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