Algiers, LA 70114: July 2008 Real Estate Absorption Report

The following absorption report is for the entire 70114 zip code in Algiers LA.  A separate report is prepared exclusively for Algiers Point home sales.

Algiers LA 70114 Real Estate Absorption Report as of 7/21/2008

• The supply of homes for sale in zip code 70114 has dropped to 9.4 months, compared to 10.3 months in June 2008
• Although there are quite a few homes for sale in the $100,000-$160,000 range, which is typically an easier price range to sell in, the condition of homes remains a huge factor for buyers.  Preparing your home to show well before it ever goes on the market is more important than ever.  Home seller tips

The odds of selling are just an estimate - not a guarantee that your home will sell in this time frame

Data provide by GSREIN and is deemed reliable but not guaranteed.

For a detailed explanation of how absorption rates are calculated, read What Is A Real Estate Absorption Rate?  For an expert opinion about selling your Algiers home, contact Lisa Heindel.  I’d be happy to share my marketing plan and educate you on the current West Bank real estate market conditions.