Real Estate Absorption Rates for Algiers, LA 70114 as of 6/18/2008
- A balanced real estate market has on average a 5-6 month supply of homes for sale. Typically, over 6 months of inventory indicates a buyers market.
- The under $80,000 properties are continuing, as always, to sell pretty briskly
- The $225,000-$250,000 price range has shown improvement over the last couple of months
- The over $250,000 range (most of which is in Algiers Point) continues to have an over-saturation of listings on the market. This is unfortunate for sellers of some of the beautiful homes in this area, but certainly presents an opportunity for savvy buyers to possibly make a great deal.
If you are considering selling your home in Algiers, it’s critical to be aware of the current market environment and to understand what competition you are facing. For local, expert advice when selling your Algiers home, please contact Lisa Heindel, REALTOR®. I’d be happy to help you properly prepare and price your home for our current challenging market.
Related Reading:
269 Elmira Avenue, New Orleans LA – Algiers Point Home for Sale – NEW PRICE!
139 Alix Street New Orleans, LA- New Price on New Construction in Historic Algiers Point
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.
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