There are many great Lafayette area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (337) 267-4099 for a FREE home buying or selling consultation to answer any of your real estate questions.
Lafayette Real Estate Market Update for Summer 2014
Thanks for joining me again. This time I want to give you a little update on the Lafayette real estate market. It's summer time and we are seeing a huge spike in activity in the real estate market. Here are some important things to keep an eye on in the near future.
- Overall, the market is looking really strong. Numbers are similar to where they were at this point last year.
- Supply is tight for buyers, so if you see a home you are interested in it is important to act quickly. The good homes are moving fast.
- We have about a 4 1/2 month inventory in Lafayette, which is a pretty balanced number.
- The highest percentage of increased activity we have seen is with Lafayette homes in the $300,000 + price range. Homes in this range have increased by about 28% in the past year.
- Mortgage rates are also doing very well. Depending on your credit score, you could qualify for a rate around 4%. Those rates are fluctuating daily, so if you have questions about what kind of rate you could qualify for, let us know.
Feel free to give us a call if you have any other questions about the housing market or where it is headed. We would be thrilled to help!
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