Monday, June 8, 2009

Real Estate Market Conditions

The following statistics were extracted from reported sales to MLS, courtesy of Van Eaton & Romero.

Analyzing sales from January to May of 2008 in comparison to January to May 2009. All residential sales in Acadiana in all areas were considered.

There was a 20.66% decrease in number of home sales.

The average days on the market have increased by 22 days.

The current average sale price is $175,458, a 1.63% increase.

The current average median sale price is $177,609, a 2.58% increase.

The average list to sold price ratio is 96.63%, a .57% decrease.

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