The following report was extracted from sold homes reported to MLS in Lafayette Parish only, courtesy of Van Eaton & Romero.
There was a 22.75% increase in closed sales reported in November 2009 compared to November 2008. Overall comparing the year to date in 2009 to Jan-Nov 2008, there was a .94% decrease. Respectively the days on the market have increased by seven days.
The average sales price decreased 1.69%. The median sales price increased .18%. The list to sold price ratio decrease by .15%.
I believe this to be uplifting news. When you speak of the real estate market, it is always good to have the facts.