Walker Louisiana Home Sales Trends August 2011 versus August 2012 for ALL Homes, Existing and New Construction. These are some disturbing trends for the Walker housing market!
What’s disturbing about these trends?
While the median sold price is up 11% and average days on market is down 34%, the number of sold homes is down 32%, months supply of inventory is up 41% and the number of homes under contract is down 38%. With months of inventory up 41%, it doesn’t appear these fewer home sales are due to lower supply.
Median Sold Price by Month
Aug-11 vs. Aug-12: The median sold price is up 11%
Sold Properties by Month
Aug-11 vs. Aug-12: The number of sold properties is down 32%
Average Days on Market by Month
Aug-11 vs. Aug-12: The average days on market is down 34%
Months Supply of Inventory
Aug-11 vs. Aug-12: The average months supply of inventory is up 40.8%
Supply & Demand by Month
Aug-11 vs. Aug-12: The number of for sale properties is down 19% and the number of sold properties is down 32%
For Sale Properties by Month
Aug-11 vs. Aug-12: The number of for sale properties is down 19%
New Properties by Month
Aug-11 vs. Aug-12: The number of new properties is down 23%
Under Contract Properties by Month
Aug-11 vs. Aug-12: The number of under contract properties is down 38%
Expired Properties by Month
Aug-11 vs. Aug-12: The number of expired properties is down 50%
Median For Sale vs. Median Sold
Aug-11 vs. Aug-12: The median price of for sale properties is up 7% and the median price of sold properties is up 11%
View The Full 20+ page Detailed PDF of these trends here:
Brought to you by Bill Cobb Appraiser and Baton Rouge Housing Reports Monthly Market Videos
GBRAR MLS NOTE: Based on info from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 08/01/2011 to 09/15/2012. This information was extracted on 09/16/2012.
Tags: Walker, Walker LA, western livingston parish, livingston parish, denham springs, walker la housing, walker la homes