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Hello, and welcome back! Today, we're going to give you a quick update on where the Lafayette market is heading!
The sales for Lafayette Parish are up 7% compared to where they were at this time in 2014. Since 2012, we've seen a 33% increase in home sales in our area! The average number of days on the market is hovering around 87, down from 93 at this time last year, and dollar volume is up 10.8%. In fact, since 2012, we've seen a jump in dollar volume of 58%! Additionally, the average sales price is up 3.5%, and the median sales price has risen to $195,000 from $187,000 last year.
What do all these numbers mean for you?
They mean that our market has not only recovered, it has caught fire! Pending sales contracts are up 20%, as we have 399 homes currently under contract, compared to only 333 this time last year. With a healthy five months of inventory, it's looking like our market will continue going strong through the summer.
If you have any questions about market conditions in your particular area, or if you have real estate needs of any kind, give us a call or shoot us a quick email. We would love to help you take advantage of these stellar conditions!
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