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Market Stats | Keller Williams Realty Acadiana Blog

Thursday, June 1, 2023   /   by Lance Kelehan

Local Acadiana Real Estate Market Update with Lance Kelehan June '23

Welcome to The Local Acadiana Real Estate Market Update with Lance Kelehan! 
If you have any questions, feel free to email me at moneyman@kw.com.

The real estate market statistics for this period reveal some interesting trends. The number of new listings stands at 708, indicating a healthy level of activity in the market. However, the total active listings are relatively lower, at 1591, suggesting a smaller supply of homes compared to the current demand.
534 homes were sold during this period, which reflects a significant level of buyer activity and indicates a relatively strong market. The relatively low number of months of inventory, at 2.9, which further highlights a seller's market, suggests that there is a limited supply of homes available relative to the current rate of sales, potentially leading to increased competition among buyers.
The average days on the market, at 64, imply that homes are selling relatively quickly, which is a positive indicator for sellers ...

  market recap, market stats

Friday, March 31, 2023   /   by Lance Kelehan

National Real Estate Market Update!

Welcome to The Real Estate Market Update with Lance Kelehan!
In this Video I focus on the National Indicators that are affecting the local market.
We dive deep in the numbers, so strap in and take good notes. 
If you have any questions, feel free to email me at moneyman@kw.com. ...

  market recap, market stats

Sunday, January 1, 2023   /   by Lance Kelehan

2022 Market Recap

2022 Market Recap 
I can tell you that the real estate market in Acadiana, Louisiana is currently experiencing a period of steady growth and stability. Acadiana encompasses several parishes, including Lafayette, St. Martin, and Acadia, and offers a diverse range of housing options to suit various budgets and lifestyles.

In general, the real estate market in Acadiana has remained relatively resilient despite the economic challenges posed by the COVID-19 pandemic. Home prices have continued to rise at a moderate pace, with the median home value in Lafayette Parish hovering around $250,000. However, there are still plenty of affordable housing options available for first-time homebuyers and those looking to downsize.

One factor that contributes to the region's appeal is its vibrant culture and strong sense of community. Acadiana is known for its rich Cajun and Creole heritage, which is reflected in the local cuisine, music, and festivals. Many residents are deeply invested in ...

  market recap, market stats

Keller Williams Realty Acadiana
100 Asma Blvd. suite 100
Lafayette, LA 70508

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