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.




CLICK  HERE FOR  MORE WELL PREPARED LISTINGS 

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