Remember that a home should "have a place for everything, and everything in its place." But note that if your family has grown, and you have therefore outgrown your home's potential, we can help you find a home that meets you where you are NOW!
In either case, we hope that the content below will help you optimize your life and therefore lead to more blessings and success coming your way.
This month's edition also features fun events in our community including those launching the Mardi Gras season so we hope to see you around town.
You will find all content including my Listing of the Month and Clients of the Month by scrolling down after reading this month's Market Highlights.
Below, please find national real estate housing data and infographics from the National Association of Realtors. Then keep reading to view the summary for the Louisiana market. We think you'll be most interested in what is happening here, but it helps to be aware of national market trends.
National Snapshot for the month of *November
Pending Sales are down 4% - month over month [but in the South it is 2.3%]
Closed Sales are down 7.7% - month over month
Low inventory [but more listings gradually becoming available]
Lack of affordability [prices continue to rise, albeit gradually]
Rising interest rates attracting less buyers [but we are still seeing a competitive market]
- Rising Interest rates making potential sellers hold on to current mortgage
However we are still leaning towards a Sellers' Market with no change since last month [3.1 months of inventory is technically a Neutral Market but just barely].
Even with inventory expected to begin to rise, there just isn't enough housing to meet demand and there is no expectation of a sudden housing boom.
*Please continue to keep in mind that data and statistics lag about one month behind and December''s figures won't be available till the third week of January.
National Market Data: