LAFAYETTE MARKET UPDATE

by | Jan 29, 2021 | Home Values, Market Update, Real Estate Expert

The Lafayette market has been very strong over the past 12 months. Even with a global pandemic, the housing market is strong. I have attached a few charts and graphs for my most recent Lafayette market update. They will show how the market has been performing over the past year and beyond. Keep in mind that the data only includes detached single-family housing. If you have any questions, please do not hesitate to contact me.

All metrics are showing a favorable change. The average sales price is changing at a higher rate than the median sales price. This is most likely due to more higher end home sales in the area over the past 12 months.
There was a 20% increase in the number of sales from 2019 to 2020! This is with a state wide stay at home order for most of April 2020.
There was a 28% increase in sales volume from 2019 to 2020!
The Lafayette market had one of the strongest years ever. December had the most sales last year for Lafayette Parish, IMPRESSIVE!!!
This was easily the best December that we have had in recent years. We have almost double the sales volume from Decmeber 2019!

I hope that this Lafayette Market Update has provided you some good information. If you have any questions, please feel free to reach out to me. If you would like to share these charts and graphs, I ask that you disclose where they came from. You can check out my business facebook page here! If you are in need of an appraisal, you can click here for a free quote. Thanks for reading and I hope that 2021 is stronger than 2020.