Hello, and welcome back to the blog! Today, we want to give you a quick Lafayette real estate market update.
- We saw around a 4% increase in units sold over 2013 - in December alone, we saw an increase of over 14% in both home sales and dollar volume! Our wonderful end-of-year sales helped boost our dollar volume to an increase of 8% over 2013!
- The average sales price rose steadily as well - we saw an increase of 4.5%, from $211,000 in 2013 to $221,000 last year. The total number of pending sales, which is an indicator of what the coming months will bring, is up 8% year-over-year.
- Market activity has remained strong through the winter months, which is a great sign for a time of year when sales typically slow down.
- Overall, Lafayette has a very strong market, with about a four month supply of inventory and a lot of great homes to choose from in new construction.
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If you have any questions about conditions in your specific area, or would like help making your move, don't hesitate to give us a call or shoot us an email. We would love to be your go-to Lafayette real estate resource!
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