Harvey, LA: May 2008 Home Sales and Real Estate Market Report

May 2008 Single family home sales in Harvey, LA

• 200 homes for sale in Harvey as of 6/2/2008
• 56 homes pending sale or under contract, priced from $69,900 to $305,900
• 17 homes sold in May 2008, priced from $37,000 to $335,000, up from the 12 sold in April
• Based on current sales, there is a 11.8 month supply of homes for sale in Harvey, well above the 5-6 month supply in a balanced real estate market

• The average home sale price in Harvey for May 2008 was $141,012, up from $118,246 in April
• The year to date average home sale price in Harvey is $153,509
• The average home list price in Harvey is $219,159
• The average days on market for homes sold in May 2008 was 62

Harvey homes are continuing to sell, but at a rate of about 50% fewer per month that at the same time in 2007.  Working with an experienced West Bank REALTOR® who can help with preparation and pricing is imperative to achieve success in our current market.  For a detailed market analysis of your Harvey home, please contact Lisa Heindel.

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5 Steps to Choosing Your New Orleans West Bank Real Estate Agent

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.

Here’s the disclaimer part:  The opinions expressed here are strictly those of the author, but you are free to share yours in the comments.  All information is deemed reliable but not guaranteed.

Copyright 2008.  Lisa Heindel, All rights reserved.