Harvey, LA 70058: June 2008 Real Estate Absorption Rates

Here is a quick look at the current real estate market in Harvey, LA.

• 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 price ranges are doing very well in Harvey, indicating a current sellers market in these popular price ranges. 
• The overall supply of homes for sale in Harvey rose from 9.3 in May to the current 11.4 months of inventory. 
• Most price ranges in Harvey are indicative of a buyer’s market at this time, which is no big surprise for those of you who have been following the market

 

Real Estate Absorption Rates for Harvey, LA as of 6/18/2008

 

 

 

If you are considering selling your home in Harvey, 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 New Orleans West Bank home, please contact Lisa Heindel, REALTOR®.  I’d be happy to help you properly prepare and price your home for our current, challenging real estate market. 

 

Related Reading:

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

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

Make Your Home the Star of the Neighborhood - Stage It!

  

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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.