Market Report for Hammond Louisiana October 2016

By
Real Estate Agent with Keller Williams Realty Services SALE.0995688925-ACT

Home Prices in Hammond Louisiana for October 2016 


Real estate market data for Hammond, Louisiana provided by Lana Mosley of Keller Williams Realty Realty Services.


Call 985-710-1118 if you would like more detailed market information specific to your neighborhood.
Find out what your home in Hammond, Louisiana is worth on my website.

home prices for hammond louisiana

Hammond home prices


From January to October we see an upward trend of the median home price in Hammond, Louisiana.  Right now now median prices are hovering around 155,000. I expect this number to stay much the same, even though we are heading into the fall/winter market.  If you are considering selling your home, the good news for you is that if the value of your home is under 250,000, you are in a sellers market with an absorption rate of 3.1 months (absorption rate is the number of months it would take to sell all available properties, if no others were to come onto the market).  Be sure to choose an agent who understands the local market.

Average days on the market is hovering around 73, so if you are a local seller, and have been on the market with no offers for over 73 days, it's time to take a close look at what is preventing you from selling your home.  Statistically, it is usually one or more of 3 things:

 

  • location
  • condition
  • price

 

If you have not received an offer, it's time for a heart to heart between  you and your Realtor.

 

 

 

 

If you are interested in how much current inventory there is in Hammond, Louisiana, you can see it here.   High inventory suggests homes are sitting on the market for longer.  Lower inventory suggests that homes are selling quicker

Visit my website to search for homes in Hammond, Louisiana or to be notified when Hammond homes come on the market. To find out what your current home is worth email or call me at 985-710-1118



Posted by
Lana Mosley, Realtor
Keller Williams Realty Services
710 SW Railroad Ave, Ste C
Hammond, LA 70403
Cell: 985-710-1118
Office: 985-318-1018

www.betterhammondhomes.com

Licensed in Louisiana
Each office independently owned and operated
close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Louisiana Tangipahoa Parish Hammond
Tags:
home prices
market trends
hammond louisiana

Spam prevention
Show All Comments
Rainer
255,253
Kim Gaston
RE/MAX Advantage Realty - Colorado Springs, CO
Colorado Springs REALTOR®, CNE (719)661-6987

Nicely done market report, Lana. 

Happy New Year and continued success!

Jan 02, 2017 09:41 AM #1
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
50,781

Lana Mosley

Building my empire one listing at a time.
Ask me a question!
*
*
*
*

Additional Information