Harvey, LA: April 2008 Real Estate Absorption Report

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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

 

         Harvey

 

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.

 

Related Reading

Selling Your Home Is A Business – Run It Like One!

5 Dos and Don’ts for Home Sellers

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

Harvey, LA Real Estate Market Reports

 

Lisa Heindel

 

Copyright 2008.  Lisa Heindel, All rights reserved.

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