Terrytown and Gretna, LA: April 2008 Real Estate Absorption Rates
A quick look at the Terrytown and Gretna (zip code 70056) absorption rates show that the under $180,000 real estate market is doing very well, indeed. A few notes about the current market:
- Homes priced at less than $160,000 are selling very quickly. A balanced market has a 5-6 month supply of homes for sale and in some price ranges it is leaning towards a sellers market, something we haven’t seen in Terrytown and Gretna for some time.
- Homes priced over $350,000 are experiencing very slow sales. Actually, they are experiencing NO sales for the last 90 days.
- There are a huge number of homes on the market priced from $180,000-$250,000. If you are selling a home in one of these price ranges, be sure to check out my West Bank Seller Tips.
Terrytown and Gretna, LA
as of 4/24/2008
Are you considering selling your Terrytown or Gretna home? Be sure to call an experienced West Bank REALTOR® to help you properly prepare and price your home to sell.
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