Just Listed & BR Home Inventory Shifts

Inventory Dips — Market Shifts from Buyer's Market to Seller's Market —

for today

A seller's ability to sell a home is determined by the supply of homes for sale and the demand for that housing.
Basic supply and demand. In real estate, that is represented by the current month's supply of homes for sale. This supply value is calculated by taking the number of homes for sale divided by the number of homes sold in the previous month.



    Since the first of the year, the Baton Rouge area market has seen a significant increase in sold homes. Beginning the year, we had an

8 month supply

of homes on the market – which represents a buyer's market wherein there are more properties on the market than active buyers.   Since January, we have seen our inventory decline to less than a

5.5 month supply

, thus shifting our

market of the moment

from a buyers market to a

seller's market

— for the first time since 2008!  In Ascension: 3.28 month supply;   In Livingston: 4.5 month supply.   And the average sales price has increased since January.

Sales and Inventory Report
Category – RESIDENTIAL Statistics for Entire MLS from 4/1/2012 – 3/31/2013
Category:1 Counties:EBR
Month	Year	Monthly Sales	Monthly Volume	Avg List $	Avg Sale $	Median Sold $	Avg DOM	Avg CDOM	% Sold/List	Current Inventory	Months Inventory
April	2012	350	$68,640,682	$202,368	$196,116	$160,700	100	145	96.91%	2557	7.30
May	2012	439	$89,577,478	$212,162	$204,048	$170,000	94	119	96.17%	2629	5.98
June	2012	439	$87,556,335	$206,452	$199,444	$174,706	85	106	96.60%	2633	5.99
July	2012	412	$82,019,001	$204,329	$199,075	$175,000	89	118	97.42%	2639	6.40
August	2012	352	$72,363,280	$212,870	$205,577	$175,000	99	121	96.57%	2673	7.59
September	2012	344	$75,912,335	$227,900	$220,675	$178,500	104	132	96.82%	2633	7.65
October	2012	366	$73,255,903	$207,040	$200,152	$172,500	94	110	96.67%	2548	6.96
November	2012	346	$72,352,023	$218,037	$209,109	$172,500	96	114	95.90%	2520	7.28
December	2012	299	$60,678,174	$210,379	$202,937	$167,000	86	110	96.46%	2385	7.97
January	2013	264	$48,920,857	$192,060	$185,306	$165,460	107	134	96.48%	2253	8.53
February	2013	285	$60,325,935	$219,485	$211,669	$170,000	109	128	96.43%	2310	8.10
March	2013	422	$88,216,984	$216,397	$209,044	$173,250	91	123	96.60%	2307	5.46
Annual:		4318	$879,818,987	$210,933	$203,756	$172,172	96	121	96.59%	2507	6.96

This creates a great opportunity for sellers. If you are considering selling your home in the next few months, NOW is the time to contact us. We offer a comprehensive strategy for

properly pricing, preparing and promoting

your home. The owners of the lovely homes below took
several weeks

to prepare their homes for the market — see for yourself how good they look! In any market, condition must match price, and homes that are properly prepared and priced sell FIRST.

Let's get started on preparing you for the market!

JUST LISTED!

Off Highland Rd. Right Outside LSU 3BR/2BA $240,000	Spacious Home in Lake Sherwood 4BR/3BR $300,000

367 McDonald	12438 Lake Sherwood Ave. S.

Stunning Home in Carter Plantation

in Springfield

4BR/3.5BA

$590,000

30764 Wild Iris Way

PRICE CHANGES:

Gated Community in Southdowns From $675,000 Now $650,000	Off Highland Rd in Estates at Myrtle Hill From $1,200,000 Now $1,100,000

4431 Poplar	9631 Myrtle Ln.