July 2015 Real Estate Market Report

Residential Real Estate Sales

July 2015 Absorption Rates

Northwest Louisiana (NWLA)

The following figures are for the month of July 2015 :

Currently, there are 2321 homes for sale in NWLA.
Last month 482 homes actually sold.
That’s a 4.8 month supply of homes if no more homes come on the market.
Last month 756 homes came on the market.


Currently, there are 231 homes above $400,000 for sale in NWLA.
Last month 25 homes actually sold.
That’s a 9.2 month supply of homes if no more homes come on the market.
Last month 55 homes came on the market.


Currently, there are 435 homes priced between $250,001 and $400,000 for sale in NWLA.
Last month 83 homes actually sold.
That’s a 5.2 month supply of homes if no more homes come on the market.
Last month 117 homes came on the market.


Currently, there are 712 homes priced between $150,001 and $250,000 for sale in NWLA.
Last month 184 homes actually sold.
That’s a 3.9 month supply of homes if no more homes come on the market.
Last month 257 homes came on the market.

Currently, there are 943 homes priced at $150,000 or less for sale in NWLA.
Last month 190 homes actually sold.
That’s a 5 month supply of homes if no more homes come on the market.
Last month 327 homes came on the market.

  

6 month supply = balanced market
<6 br="" market="" month="" supply="seller’s"> >6 month supply = buyer’s market

Source: Northwest Louisiana Association of Realtors MLS, Inc., 8/6/15

Information believed to be accurate but not guaranteed.