Home sales were up in Acadiana for the fifth consecutive month while they were slightly down in Lafayette parish for May (245 sales in May compared to 258 in April).
The number of home sales pending is also slightly down in Acadiana from the middle of May when it was at 743. As of now, it is 735, which is still higher than what we have seen in the past few years. In June 2011, for example, there were 498 home sales pending in Acadiana. Today, we have that many sales pending in Lafayette parish alone.
The graph above illustrates well the shrinking of the inventory in Lafayette parish due to the latest rise in home sales pending.
You have questions about the market or want to know how you make your home sell faster, don’t hesitate to contact me.