In our Events section, it is also [almost] all about Christmas with festivals, concerts, markets, and more that will surely feed your holiday spirit!
We too will be making our way around town and hope we get to see you at one or more these holiday festivities.
To read these articles and learn about events, scroll down after reading the 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 *October
Pending Sales are down 4.6% - month over month
- Existing Sales are down 5.9% - month over month
- Continuing low inventory nationwide
With 3.1 months of inventory, we are on the cusp of a Neutral Market which is when you have 3-6 months of inventory.
[NOTE: a Sellers Market is 0-3 months of inventory, a Buyers Market is 6 months plus]
Inventory is projected to remain low, unless new housing is built. This is a deep structural problem with no foreseeable end in sight. Therefore inventory continues to be insufficient to meet current demand.
*Please continue to keep in mind that data and statistics lag about one month behind so November's figures won't be available till the last week of December.
National Market Data: