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.
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:
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