Algiers, LA: July 2008 Real Estate Absorption Reports

I’m a little late with the absorption reports this month!  Let’s jump right in and take a look at Algiers.  This report is for the 70131 zip code excluding English Turn and the lower coast of Algiers.

Algiers LA Real Estate Absorption Rates as of 7/21/2008

• The overall inventory in Algiers went up from 8.9 months in June to the current 9.5 months of supply. 
• Homes priced over $250,000 are continuing to languish on the market, with only 10 sales in that price range in the last 90 days. 

Remember that these are estimated odds, not a guarantee that a home will sell within the time frame.

Data provided by Latter & Blum Inc REALTORS and is deemed reliable but not guaranteed

For a detailed explanation of absorption rates and how they are calculated, read What Is A Real Estate Absorption Rate?  For more information on pricing and preparing your Algiers home for sale, contact Lisa Heindel.  I’d be happy to bring you up to date on the current West Bank real estate market and how to position yourself for success!