Marrero, LA: April 2008 Home Sales and Real Estate Market Report

lisa on May 1st 2008 at 11:42 pm Market Updates, Marrero

Marrero, LA: April 2008 Home Sales and Real Estate Market Report

The Marrero real estate market slowed in April 2008, with 26 homes sold compared to 39 in March. The number of active listings was steady, showing a slight reduction from the 265 listed just one month ago. Based on the April sales, there is a 13.9 month supply of homes for sale in Marrero, definitely a buyer’s market overall.

Active listings: 259
Average list price: $191,919
Pending but continue to show listings: 11 (Average list price $121,773)
Open predication listings: 2 (Average list price $252,500)
Under contract listings: 56 (Average list price $167,293)

Marrero Home Sales for April 2008

Marrero Average Home Sales Prices for April 2008

Despite the reduction in the number of homes sold in April, the average sale price showed another increase, ending the month at $165,776 - the highest yet for 2008 and higher than the same period last year.

While this report covers the entire community of Marrero, individual neighborhood reports can be prepared for you. If you would like a report of sales in your Marrero subdivision, please feel free to contact me or give me a call at (504) 616-6262.

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When buying or selling a home on the West Bank of New Orleans or relocating to the New Orleans West Bank, you deserve local expertise and advice. Lisa Heindel provides full time, professional real estate services to buyers, sellers and military transferees in Algiers, Algiers Point, Belle Chasse, Gretna, Terrytown, Harvey, Marrero, Westwego and more.