|
ON THE REAL ESTATE FRONT
The Louisiana real estate market this September is presenting a balanced, yet shifting landscape for both buyers and sellers.
After the velocity of previous years, the market has settled into a more sustainable rhythm.
Inventory levels have seen some improvements across many parishes, giving buyers a bit more breathing room to tour homes, compare options, and negotiate terms without feeling the intense pressure of immediate, fierce bidding wars.
However, desirable properties in prime school districts and established neighborhoods continue to move quickly.
This means well-priced homes still demand swift attention.
For Buyers:
-
Mortgage rates remain a primary topic of discussion -- but less frantic competition means you can approach your search strategically
-
There is also more leverage to request home inspections, closing cost assistance, or repairs — concessions that were nearly impossible to secure just a couple of years ago
This Fall is an ideal season to lock down a home and get settled before the busy winter holidays take over.
For Sellers:
-
Allow me to help you set realistic, data-driven pricing -- right out of the gate
-
Allow me to help you leverage early fall staging -- to make properties feel warm, inviting, and move-in ready!
For Buyers and Sellers:
I can provide you both with high-touch service and local expertise. I would love to be your trusted advisor.
I also love referrals from my amazing clients!
CURRENT MORTGAGE RATES AS OF MONDAY AUGUST 7 [As per Google AI Overview]:
- 30-year Fixed Conventional: 6.84 % with 6.90% APR [last month 6.78%, month before 6.25-6.50%]
- 15-year Fixed: 6.22% with 6.32% APR [month before 6.11%]
- 30-year Fixed F.H.A. and V.A.: 6.48% with 6.53% APR [last month 6.34-6.36%, month before that 5.99%]
MARKET HIGHLIGHTS
Below, please find national real estate housing data and infographics from the National Association of Realtors. Keep reading to view the summary for the Louisiana market and in particular, St. Tammany and Tangipahoa Parishes.
We think you'll be most interested in what is happening here, but it helps to be aware of national market trends.
Please keep in mind that data lags one month behind.
National Snapshot for the Month of July:
- Pending Sales - decreased -2.3% month-over-month [while in the regional South they decreased -2.2%]
- Existing Home Sales - decreased by -1.7% - month over month
- Home Prices - increased +2.0% - year over year
Challenges:
- Fluctuating Mortgage Rates
On the national level, the month of July continued to be a Buyer's Market with 4.6 months of Inventory.
| 
