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 | |||||||||||
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Category – RESIDENTIAL Statistics for Entire MLS from 4/1/2012 – 3/31/2013 |
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Category:1 Counties:EBR |
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| 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 |
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| 367 McDonald | 12438 Lake Sherwood Ave. S. |
| Stunning Home in Carter Plantation in Springfield 4BR/3.5BA $590,000 |
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| 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 |
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| 4431 Poplar | 9631 Myrtle Ln. |
