September 2015 Market Stats

Housing-Market

Residential Real Estate Sales

September 2015 Absorption Rates

Northwest Louisiana (NWLA)

 

 

The following figures are for the month of September 2015 :
 

Currently, there are 2295 homes for sale in NWLA.
Last month 371 homes actually sold.
That’s a 6.2 month supply of homes if no more homes come on the market.
Last month 671 homes came on the market.

Currently, there are 225 homes above $400,000 for sale in NWLA.
Last month 14 homes actually sold.
That’s a 16 month supply of homes if no more homes come on the market.
Last month 47 homes came on the market.

Currently, there are 413 homes priced between $250,001 and $400,000 for sale in NWLA.
Last month 65 homes actually sold.
That’s a 6.4 month supply of homes if no more homes come on the market.
Last month 123 homes came on the market.

Currently, there are 718 homes priced between $150,001 and $250,000 for sale in NWLA.
Last month 125 homes actually sold.
That’s a 5.7 month supply of homes if no more homes come on the market.
Last month 209 homes came on the market.


 

Currently, there are 939 homes priced at $150,000 or less for sale in NWLA.
Last month 167 homes actually sold.
That’s a 4.7 month supply of homes if no more homes come on the market.
Last month 292 homes came on the market.

 

  

6 month supply = balanced market
<6 month supply = seller’s market
>6 month supply = buyer’s market

 

Source: Northwest Louisiana Association of Realtors MLS, Inc., 10/13/15

Information believed to be accurate but not guaranteed.

Why listing your home during the Holidays is a GREAT Idea

We are approaching the Holiday Season, and many think that Listing a home during this time is NOT a good idea. Well here are a few reasons why listing your home during the holidays can get you a quick offer, for more money.
1. People who look at your home over the holidays are serious buyers.
2. Serious buyers have fewer homes to choose from over the holidays as most sellers take their homes off the market. That means less competition for you and more money for you.
3. Since the supply of homes will drastically increase in January, they’ll be less demand for your particular home. Less demand means less money.
4. Houses show better when they’re decorated over the holidays.
5. Buyers are more emotional during the holidays and tend to spend more money on getting your price.
6. Buyers have more time to look over the holidays and can come during the weekdays.
7. Some people must buy before the end of the year for tax reasons.
8. January is traditionally a month where employers have to move so they can’t wait until springtime. They have to buy now so you’re there to capture that market.
9. You can still be on the market and you can have the option to delay your close or restrict your showings during those six or seven days if you want to celebrate the holidays.
10. You can sell now for more money and provide a way for you to delay that closing and extend your occupancy until next year.
11. By selling now, you have the opportunity to be a non-contingent buyer for next year when houses are less and you’ll have more opportunities to choose from.

Holiday Listings Sell

Holiday Listings Sell