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Rebecca Melancon

Rebecca Melancon
For information in SWLA area click my picture!

Tuesday, May 4, 2010

SWLA Market Report for April 2010

New Listings
184
properties hit the market, up from 116 last month, versus 3 last year.


Units Sold
111 properties sold, versus last month’s 116. Last year 115 homes sold.


Days on the Market

93 Days, last month was 113 and last year it was 69 days. Note: A six-month supply is considered a balanced market.

Average Sale Price
$
154,012 up slightly from last month’s $148,580 and up from last year by 1.74%

Price Per Square Foot
$78.56,up from last month’s $76.30, and down 0.56% from last year


Recommendations

For buyers – More inventory means you can probably make conservative offers. Know that this inventory may not last for long.
 For sellers   There is a lot more competition than last year.  Proper preparation for sale, marketing, and pricing can still lead to getting maximum price.