Gayle's Blog

You probably know by now that I like to keep up with the real estate market in Ouachita Parish. After all, that's my JOB!  I want to know how we're doing. The news from every media source will lead you to believe that the housing market is terrible, but that's not the case in Monroe, West Monroe, Calhoun, and Sterlington.

Let's compare the summer selling season in 2009 to 2008, specifically the months of June, July & August.

From these numbers, you can see that houses have stayed on the market for 9 days longer (DOM), but more houses have SOLD in 2009 than in 2008.  It's also interesting to compare the difference in the east side of the river vs. the west side. Both sides had an increase in sales from 2008, but the West Monroe side of the Ouachita River had a larger percentage of sales and a drop in Days on the Market (DOM).

What's going on with FORECLOSURES?  Louisiana is # 40 in the US for the number of foreclosure filings for the month of July, 2009, the most recent statistics available from RealtyTrac.  As I view the MLS, I see no significant change over the past several years in the number of foreclosures locally. We have no way to count bank-owned properties through our MLS, though, so this is only my personal observation. 

Bottom line: Ouachita Parish is a great place to live and it's still a smart move to invest in real estate here. As you can see, values have not declined, and HOMES ARE SELLING!

Let me know if I can help you in any way. Call, text or email me if you would like details on any particular neighborhood.

Gayle Causey--318-614-5615
HOMEwork is my specialty.

Keller Williams Realty, 318-812-7653
1390 Hudson Lane, Monroe, LA USA
Each office independently owned & operated.