New home listings in Acadiana at lowest level since 2012
Despite the significant drop in demand, the average sale price has not seen the same type of decline.
Source: theadvertiser.com
Stay updated with breaking news from Bill Bacque. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Despite the significant drop in demand, the average sale price has not seen the same type of decline.
The National Association of Realtors reported that February saw the first decline in prices in 131 months.
The parish’s supply has also shown signs of improvement, though it remains low.
With one month of data left outstanding, the Acadiana region had 5,583 total closed sales.
In the 17 months prior to June 2022, the average price was never higher than $300,000 in a single month.