July 2009 Residential Market Report

This report consists of residential home sales reported to MLS in all areas of Acadiana.

In comparison with June 2009, July 2009 has seen a decrease of 3.61% of new homes on the market. Comparing Jan-July 2009 to Jan-July 2008, there has been a decrease of 10.74%.

The dollar volume of July 2009’s closed sales increased 12.79% in comparison to June 2009 but decreased 12.68% overall comparing Jan-July 2009 to Jan-July 2008.

The following is comparing Jan-July 2009 to Jan-June 2008”
Average Sales Price increased .71%
Median Sales Price increased 2.56%
List to Sold Price Ratio increased 2.65%
Compared to June 2009, the number of sales for July 2009 increased by 13.88% but decreased 13.30% overall comparing Jan-July 2009 to Jan-July 2008.

There is a 12 day increase on the average days on the market for Jan-July 2009 in comparison with Jan-July 2008.

For a complete report or questions, please email Kisha@KishaKana.com