Current Real Estate Market Trends in Central Louisiana

Cecile Barnhart, Realtor
The Central Louisiana market continues to be a seller’s market, with active inventory still down as compared to 2021 and only three months’ worth of inventory available for purchase. The average sales price for single family homes is up 20% compared to 2021, and average days on the market are down 123% to an average of only 43 days.

If you’ve considered selling your home, the time is now! 

The Central Louisiana market continues to be a seller’s market, with active inventory still down as compared to 2021 and only three months’ worth of inventory available for purchase. The average sales price for single family homes is up 20% compared to 2021, and average days on the market are down 123% to an average of only 43 days.

With a market this hot, hiring a realtor is an excellent way to make the most of your house sale. Being an excellent realtor is more than just taking photos and visiting properties for sale. A competent realtor’s expertise and insight are incredibly valuable! Working with an excellent realtor will save you time, money, and headaches. Their knowledge of these current home values and market trends helps ensure their clients’ property is priced appropriately and marketed professionally. 

For example, even in this seller’s market, good deals are still available for buyers who don’t mind pursuing homes that are in neighborhoods that aren’t particularly in vogue or properties that need a little updating or rehabilitation.

Buyers who choose to work with a skilled realtor rather than calling the number on the website or sign will find that they have an instant advocate who champions their best interests. Excellent buyers’ agents take the time to listen to their clients’ needs, research available properties from multiple sources, and map out a plan for success in the current market. Some buyers are under the impression that sellers in the current market should lower their asking price or provide closing cost assistance. In today’s market, that may not be the case! Having a go-between to schedule tours, gather property research, complete paperwork, and assist with negotiations could mean the difference between successfully buying a house or not!

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