August 2009 Market Stats

Housing Graph

Ascension Parish Market Stats for August 2009

Monthly sales were 107  units. Comparison to last month:  Increase 2%  from 105 units.  Comparison to this month last year: Decrease 2% from 109 Units.

Average Sold price was $222,227.  Comparison to last month:  Increased  2% from $217,878.  Comparison to this month last year: Increased 4% from $213,356.

Current inventory is 5.64 months.  Comparison to last month:  Decreased from 5.68 months.  Comparison to this month last year: Decreased from 7.73 months. 

 Average Days on market were 93.  Comparison to last month:  Decreased from 109 days.  Comparison to this month last year: Increased from 79 days.

So what do all these numbers mean?  Sales held their own in number of units while Average Sales prices increased.   To borrow the line from Martha Stewart…That’s a good thing! Average days on the market are down..again…That’s a good thing!

I think we will see a spike in the next few months.  I know that personally I am busy with the first time homebuyers trying to get under contract in order to close before November 30.

Homes priced in the first time homebuyer price ranges will go quickly, especially if they are in great shape.  That price range for my buyers has been under $200,000.

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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