Foreclosures Sales are Up, REO Inventory Remains Stable in Lafayette, LA

While the percentage of foreclosures on the market has remained stable in Acadiana and went down a little in Lafayette parish, more of them are selling and at a faster rate.

foreclosure market in lafayette, la and acadianaSince the beginning of the year, REO sales account for 18.8% of residential sales in Acadiana and 11.9% in Lafayette parish. When I wrote about the foreclosure market in December, REOs represented 13% of sales in Acadiana and 8% in Lafayette parish.

Foreclosures also sell faster. The average days on the market for foreclosure since January is 72 days while that of the market as a whole is 105 days.

The inventory is stable, though. In Lafayette parish, REOs account for 3.6% of all listings, down from 4% in December . In Acadiana, it is 5.9%, down from 6%.

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One Response to Foreclosures Sales are Up, REO Inventory Remains Stable in Lafayette, LA
  1. […] in our area. When people are working, they pay their mortgages and as a result, the percentage of foreclosures on the market in our area has remained in the low single digits (currently at 3% in Lafayette). Low foreclosure rate = real […]

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Foreclosures Sales are Up, REO Inventory Remains Stable in Lafayette, LA

While the percentage of foreclosures on the market has remained stable in Acadiana and went down a little in Lafayette parish, more of them are selling and at a faster rate.

foreclosure market in lafayette, la and acadianaSince the beginning of the year, REO sales account for 18.8% of residential sales in Acadiana and 11.9% in Lafayette parish. When I wrote about the foreclosure market in December, REOs represented 13% of sales in Acadiana and 8% in Lafayette parish.

Foreclosures also sell faster. The average days on the market for foreclosure since January is 72 days while that of the market as a whole is 105 days.

The inventory is stable, though. In Lafayette parish, REOs account for 3.6% of all listings, down from 4% in December . In Acadiana, it is 5.9%, down from 6%.

To receive active foreclosure listings via email, simply Fill out my form!

One Response to Foreclosures Sales are Up, REO Inventory Remains Stable in Lafayette, LA
  1. […] in our area. When people are working, they pay their mortgages and as a result, the percentage of foreclosures on the market in our area has remained in the low single digits (currently at 3% in Lafayette). Low foreclosure rate = real […]

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Wanting to leave an <em>phasis on your comment?

Trackback URL http://www.lafayetterealestatenews.com/2012/05/21/foreclosures-sales-up-lafayette/trackback/