September 2009 Market Stats

Housing Graph

Ascension Parish Market Stats for September 2009

Monthly sales were 120  units. Comparison to last month:  Increase 8%  from 110 units.  Comparison to this month last year: Increase 50% from 55 Units.

Average Sold price was $191,387.  Comparison to last month:  Decreased  14% from $221,891.  Comparison to this month last year: Decreased 10% from $213,272.

Current inventory is 4.69 months.  Comparison to last month:  Decreased from 5.53 months.  Comparison to this month last year: Decreased from 14.87 months. 

 Average Days on market were 78.  Comparison to last month:  Decreased from 93 days.  Comparison to this month last year: Increased from 116 days.

So what do all these numbers mean?  First let me say, “Don’t Panic!”  I can tell you this because while I was working these numbers, I felt a wave of panic flow through me.  How will I report this?  Then I did a little investigating.

Yes, Average Sales prices are down.  Let’s take a closer look.  The units were up.  First Time Homebuyers are buying right now to get their $8,000 stimulus monies.  The biggest range of homes sold were in the $140,000-$149,900 and the $160,000 to $169,900 range.  Throw a few of these in the mix and the average sales prices go down.  As I have been saying…homes in this price range that are in good condition and are priced right are SELLING!

Remember, this month last year we were hit with Hurricane Gustav.  You see the effects by looking at units sold and the inventory.  We are doing much better, thank goodness!

Our inventory is declining and the sellers are getting 98.32% of their asking price!

Happy Buying and Selling 🙂

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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