What's Happening with Louisiana Real Estate?

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Before you head out to buy or sell a home this spring, I thought it'd be a good idea to let you know how our market is performing. Overall, we're in a seller's market right now. We have very little inventory, so this is putting pressure on buyers. 

Our current absorption rate is 2.5 months, which means that if no more homes came on the market, there would be no more homes left for sale. This places us squarely in a seller's market. This is great news for home sellers in the area, especially when we consider that rising interest rates will be pushing more buyers onto the market. Please call me now if you're thinking about selling your home because you have to list now if you expect to sell in the spring. 

Another thing to keep in mind is that low inventory in our area is having a positive effect on home values in the area. With fewer homes available, buyers are willing to pay more for them. You have the opportunity to sell your home for maximum price in 2016! 

Please don't hesitate to contact me if you have any further questions or concerns. I look forward to hearing from you!