8/20/20
Supply is Low and Demand is High...it's a GREAT time to both sell and buy!
Compared to this time last year, in our area, current inventory and new listings are down, pending and closed sales are up, and the median sales price is up. Below are detailed stats by area. In short, this is a great time to sell! With interest rates at all time lows, it's also a great time to buy! And if you're thinking of investing, now is also the time, as rentals are in high demand.
In East Baton Rouge Parish:
♦ New listings are down 8.1% since this time last year
♦ Pending sales are up 31.8% compared to this time last year
♦ Closed sales are up 36.5% compared to last year
♦ The median sales price is up 6.1% from this time last year
♦ Inventory of homes for sale is down 23.1% compared to last year
In Ascension Parish:
♦ New listings are down 1.7% since this time last year
♦ Pending sales are up 12.3% compared to this time last year
♦ Closed sales are up 35% compared to last year
♦ The median sales price is up 9.5% from this time last year
♦ Inventory of homes for sale is down 20.8% compared to last year
In Livingston Parish:
♦ New listings are down 2.3% since this time last year
♦ Pending sales are up 43.2% compared to this time last year
♦ Closed sales are up 10.9% compared to last year
♦ The median sales price is up 6.7% from this time last year
♦ Inventory of homes for sale is down 35.8% compared to last year
New listings are down compared to this time last year.
Pending sales are up compared to this time last year.
Sales are up compared to this time last year.
Curious what exactly this means for you?
Want to talk real estate?
Call me! 225.229.0451