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Lafayette Real Estate Market Update for July 2014



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 July 2014

We have just passed the midway point of the year and thought it was a great time to give you the latest market update on what's going on in the Lafayette real estate market. June's numbers are pretty similar to what they were in May, particularly in closed residential sales. Here are a couple of quick stats:
  • Closed residential sales for the first 6 months of this year are down about 3% compared to last year
  • However, dollar value is dead even to where we were in June last year. When you compare it to 2012 numbers, it's up by 23%
  • Pending sales have jumped up 15% from last year. The market is really starting to heat up this summer. There are a lot of people out there looking to move homes before school starts.
  • We also have noticed and uptake in new listings. There are 26% more of them than at this point last year.
  • The average sales price in Lafayette is up $7,000 to $217,000. The median sales price is also up this year, to $189,000
  • Interest rates are still rocking in the low 4%'s. Our preferred lenders are aggressive with keeping that rate as low as possible.
If you have any questions or are looking to buy or sell a home, we would love to talk with you to go over all of your great options in this market. We look forward to talking with you soon!

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