October Market Update

Real Estate

Despite the unrest in this politically charged time of the year, I'm please to report that our real estate market is alive and well in Monroe Louisiana. 

We finished October 2016 in Northeast Louisiana with a total of 151 homes sold, which is down slightly from October 2015 of 188 homes. I don't think that this is an example of a down turn in our market; its more reflective of a shortage of available of inventory in the market as a whole.

In the price range of $150,000 to $275,000 sellers are seeing more multiple offer situation, wile the sellers of home over $300,000 have more competition and have seen the days on market increase.

There are several great things that are happing in our community and I feel that we are on track to finish the year strong and have a solid base to launch us into 2017.

 

For more details within our real estate market, please feel to call me @ 318.381.2077.

 

Brian Bendily

John Rea Realty