Here’s an update on the local market in the Bayou Board of REALTORS® region, showing December 2021 and the Year-To-Date numbers.
Listings fell in December by almost a third compared to December 2020, which is also reflected in the overall trend for Months Supply and Inventory of Homes being lower YoY.
Pending sales were slightly down and closed sales were up 5%.
Both Median and Average sale prices were down for the month, but up YTD.
Speaking of Year-To-Date, New Listings were down 9%, but Pending and Closed Sales were both up.
What Does It Mean?
There is no doubt that we are still in a Seller’s market. There are less homes for sale than there are buyers looking.
If you are a buyer, it means that it may be a little tougher to find a deal. Homes are being put under contract almost immediately after being listed, so working with a dedicated REALTOR® can help you to get you in the home you want.
If you are a seller, this means that there are lots of buyers out there for your home. Things can move quickly! And with the Median Sales Price continually climbing, it makes even more sense to consider selling and harvest your equity appreciation.
If you are thinking about selling your home and would like to get a valuation estimate, click here to request a Complimentary Home Valuation Estimate.
Let me know if you have any questions about the market. I’d be happy to help you with any needs.
Remember, if you have a real estate need, whether buying or selling, give me a call or shoot me an email. It doesn’t matter if you are outside of my area, I can connect you with a Rockstar Real Estate Agent!
Clint C. Galliano, REALTOR® 985.647.4479
Clint C. Galliano, a native of Lafourche Parish, has lived in the Houma-Thibodaux area for over 36 years and is currently a REALTOR® with Keller Williams Realty Bayou Partners in Houma, La. He has been involved with real estate investing since 2017 and hosts the local Real Estate Investment Association. Real Estate is his passion. Clint previously worked in drilling fluids and drilling fluids automation for 28 years. He lives in Bayou Blue with his wife and two daughters.