Marrero, LA: June 2008 Home Sales and Real Estate Market Reports

Marrero LA Homes for Sale as of 7/2/2008

• 275 active listings, priced from $64,000 to $1,600,000
• 14 pending (offer accepted but still showing) listings, priced from $114,900 to $249,900
• 1 open predication offer, priced at $165,000
• 50 under contract listings, priced from $54,900 to $357,400
• Based on June 2008 sales, there is a 9.8 month supply of homes for sale in Marrero, still above the 5-6 month supply of a balanced real estate market and indicating that Marrero represents some great opportunities for qualified buyers.

Marrero, LA Home Sales - January 2008 through June 2008

• 28 homes were sold in Marrero in June 2008, compared to 35 sold in May
• Days on market for June ranged from 3 to 342, with an average of 99
• Marrero home sales in the 2nd quarter of 2008 were down slightly from the 1st quarter

Marrero, LA Homes Sales - 2nd Quarter 2007 through 2nd Quarter 2008

Marrero LA Average Home Sale Prices - January 2008 through June 2008

• The average Marrero home sale price in June 2008 was $170,633, up significantly from May.  However, May appears to have been a blip in sales as evidenced by the chart above.
• The average listing price in Marrero is $189,768, still well above the average sales for the last 6 months in the area.  Sellers need to review their pricing and condition to be sure that they are as competitive as possible since it is still a buyer’s market in Marrero at this time.
• 2nd quarter average sale prices were up from the 1st quarter, but again, this can be attributed to the low sales prices seen in May 2008.

Marrero LA Average Home Sales Prices - 2nd Quarter 2007 through 2nd Quarter 2008

For a detailed market analysis of your Marrero home, contact Lisa Heindel, your West Bank real estate specialist.

Related Reading

Marrero, LA- June 2008 Real Estate Absorption Rates

Marrero, LA - Historic Real Estate Market Reports

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