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.
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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