Real Estate Market Report for Lafayette, LA – June 2012

So I was a little surprised when I pull the stats for June this morning to find that home sales were slightly down in Lafayette and Acadiana. I shouldn’t have been, though, because we are starting to hear from lenders that loan processing is backed up and taking more time than usual. Contract extensions are becoming common again.

Real estate market report for Lafayette and Acadiana

Pending home sales, meanwhile, remain high at 754 for Acadiana and 512 for Lafayette parish. Perhaps another sign that deals are not closing very fast. Last year at this time, there were 502 sales pending in Acadiana and 323 in Lafayette parish.

Pending home sales remain high in Lafayette and Acadiana

Questions? Comments? Feel free to leave me a note here or contact me today to start you home search or home selling process.

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Real Estate Market Report for Lafayette, LA – June 2012

So I was a little surprised when I pull the stats for June this morning to find that home sales were slightly down in Lafayette and Acadiana. I shouldn’t have been, though, because we are starting to hear from lenders that loan processing is backed up and taking more time than usual. Contract extensions are becoming common again.

Real estate market report for Lafayette and Acadiana

Pending home sales, meanwhile, remain high at 754 for Acadiana and 512 for Lafayette parish. Perhaps another sign that deals are not closing very fast. Last year at this time, there were 502 sales pending in Acadiana and 323 in Lafayette parish.

Pending home sales remain high in Lafayette and Acadiana

Questions? Comments? Feel free to leave me a note here or contact me today to start you home search or home selling process.

There are no comments yet. Be the first and leave a response!

Leave a Reply

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

Trackback URL http://www.lafayetterealestatenews.com/2012/07/03/real-estate-market-report-lafayette-june/trackback/