Harvey, LA: April 2008 Real Estate Absorption Report

April 24, 2008 by lisa
Filed under Blog, Harvey, Market Updates

Look at Harvey, LA go… Home sales for the last 90 days have reduced the projected supply of homes for sale to 8.7 months across the entire 70058 zip code - and some price ranges are posting numbers that scream seller’s market! The spring selling season has begun in earnest across the West Bank of New Orleans.

Most homes under $120,000 are continuing to sell at a very quick pace
The $250,000-$300,000 is doing surprisingly well, with a fairly balanced supply and demand
Homes in the over $300,000 range are continuing to sell at a slower pace, but this is typical for the price range on the West Bank

Remember, a balanced real estate market has a 5-6 month supply of homes for sale. More means a trend to a buyer’s market, less means a trend to a seller’s market.

Harvey, LA

as of 4/24/2008

Before you sell your Harvey home, be sure to talk to an experienced West Bank REALTOR® about how to properly prepare, price and market your home for sale.

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Harvey, LA: March 2008 Home Sales and Real Estate Market Update

Harvey, LA Real Estate Market Reports