July 2009 Market Snapshot

Housing Graph

Ascension Parish Market Stats for July 2009

Monthly sales were 104  units. Comparison to last month:  Decrease 19%  from 129 units.  Comparison to this month last year: Decrease 11% from 117 Units.

Average Sold price was $217,742.  Comparison to last month:  Decreased  1% from $219,525.  Comparison to this month last year: Decreased 7% from $235,014.

Current inventory is 5.64 months.  Comparison to last month:  Increased from 4.68 months.  Comparison to this month last year: Decreased from 6.93 months. 

 Average Days on market were 110.  Comparison to last month:  Increased from 98 days.  Comparison to this month last year: Increased from 85days.

So what do all these numbers mean?  Sales were not as high as last month.  Lots of families take vacations during the month of July.   There is usually a decrease.  You will see another decrease in the next couple of months.  Why?  Because school has started and all of us parents are BROKE!  Averages sales prices held steady.  This is a good thing.   We will continue to hold steady and start to rise in the near future.  Is it a good time to sell your home?  The simple answer is Yes.  We have good market values and homes priced correctly are selling quickly. 

I again encourage buyers to buy now.  If you are a first time homebuyer you have to close on your new home by November 30, 2009 to receive the tax credit.  Lots of people have taken advantage of this and are now happy homeowners with a little extra cash in their pockets!

These stats are for areas 90,91 & 92 in Ascension Parish. Information used from Greater Baton Rouge MLS.  They include only single family dwellings.  Mobile home and land sales are not part of these numbers.  If you would like information on either of these, feel free to let me know.

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