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.