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Lafayette – Youngsville – Broussard – Abbeville – Breaux Bridge – Carencro – Sunset – Duson – Scott – New Iberia

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Lafayette is a seller's market - List your home to get top dollar and a short waiting time



Today I wanted to answer one of the most popular topics and that is the state of the current market. Before I get started, I wanted to let you know about a free service that is available to everyone. For buyers, we offer a free home search that has every available home on the market for viewing at www.searchhomesinlafayette.com. If you’re a seller, we provide a free home valuation tool at www.mylafayettelahomevalue.com.

For the state of the market, we are currently in a seller’s market with a 3.9 month’s supply of inventory. The market sweet spot appears to be in the $150,000-299,000 range where 60% of home sales have been. That price range is experiencing a 3.5 month supply of homes with properties selling very quickly. If you’re a buyer and are looking at a home, there are multiple people looking at the same property so keep that in mind when you’re out looking. We are also advising sellers to be competitive with other properties on the market. This means you won’t be able to get away with an exorbitant increase in price as you have experienced a few years back.

In other news, Lafayette has been ranked best mid-size city and best city in the South by Area Development. You can view this article here. Congratulations Lafayette! If you or anyone else you know is interest in buying a home, please give us a call or send us an email. Thanks and have a great day!