Residential Real Estate Sales

November 2015 Absorption Rates

Northwest Louisiana (NWLA)

The following figures are for the month of November 2015 :
 

Currently, there are 2259 homes for sale in NWLA.
Last month 282 homes actually sold.
That’s a 8 month supply of homes if no more homes come on the market.
Last month 491 homes came on the market.

Currently, there are 209 homes above $400,000 for sale in NWLA.
Last month 11 homes actually sold.
That’s a 19 month supply of homes if no more homes come on the market.
Last month 38 homes came on the market.

Currently, there are 399 homes priced between $250,001 and $400,000 for sale in NWLA.
Last month 42 homes actually sold.
That’s a 9.5 month supply of homes if no more homes come on the market.
Last month 69 homes came on the market.

Currently, there are 715 homes priced between $150,001 and $250,000 for sale in NWLA.
Last month 92 homes actually sold.
That’s a 7.8 month supply of homes if no more homes come on the market.
Last month 163 homes came on the market.

Currently, there are 936 homes priced at $150,000 or less for sale in NWLA.
Last month 138 homes actually sold.
That’s a 6.8 month supply of homes if no more homes come on the market.
Last month 221 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., 12/3/15

Information believed to be accurate but not guarante[JD1] ed.