Gayle's Blog

To keep you posted so you can make good decisions about buying and/or selling, here are the statistics for sales of homes in Ouachita Parish for the period of Jan--October. I have included the past 2 years so you can see how the market has moved during this "housing crisis".  It has pretty much been a non-event here in Ouachita Parish.

I will admit that homes are staying on the market longer, but I don't consider 7 days to be catastrophic. Local Realtors sold 22 more homes in 2008 than the same period of 2009. However, the number of homes sold compared to the number listed was greater in 2009. (That means that fewer homes were withdrawn from the market or the listings expired.)

More 3-bedroom homes are available for sale, so we sell more of them than any other configuration. You may notice that the average price of a 4-bedroom home is considerably higher than 3-bedroom units, so that probably has a lot to do with it, too. More buyers can afford a 3-bedroom home.

Please note that the average price sold has GONE UP each year. What that means is that homes continue to APPRECIATE IN VALUE in Ouachita Parish!  Good news for homeowners and for those who want to be homeowners.

If you are moving to Monroe, I hope this will help you see that you will be making a good investment when you buy a home in Monroe, West Monroe, Sterlington, Calhoun or all the places in between!

This information is from the local Multiple Listing Service (MLS).

For more information about the local real estate market, or about any home for sale now, please call or email me. I'm here to help.

Gayle Causey
Real Estate Consultant/Relocation Coordinator
318-614-5615
Find your house with your mouse at http://WestMonroeRealEstate.com

Keller Williams Realty, 1390 Hudson Lane, Monroe, LA USA
Each office independently owned & operated. Equal Housing Opportunity.