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Lafayette Real Estate Market Update for Fall 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 Fall 2014

August was a great month for the real estate market in Lafayette. We saw good numbers all across the board and the market is very busy, with properties moving quickly. We compared them to last year's figures, and here are the results we came up with:
  • We sold 320 homes in August, 3% more than we did in August of last year
  • Our dollar volume is up 5% from 2013 and the average price of a home has jumped from $185,000 to $192,000 this year.
  • Pending contracts saw a huge 22% surge compared to august of 2013
  • Our supply of homes is currently at around 4 months, classifying us in a seller's market
  • Interest rates remain low, at 4.25% for a 30-year fixed and 15-year rates are down around 3.5%
If you have any questions about this market or how you can get your house ready to enjoy the fruits of it, give us a call. We'd be glad to show you how you can take advantage of this market.

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