Harvey LA 70058: July 2008 Real Estate Absorption Report
July 21, 2008 by Lisa Heindel
Filed under Blog, Harvey, Market Updates
The Harvey real estate market has slowed since our last report in May 2008, with the supply of homes for sale increasing from 9.3 months to the current 11.3 months.
- Active listings in Harvey have increased from 201 (May 2008) to today’s 219, while listings sold per month has dropped slightly from 21.7 to 19.3
- Even in the first time home buyer price ranges, there is an oversupply of homes for sale, so sellers need to keep up with their neighborhood competition in order to remain the best value in their area
Harvey LA Real Estate Absorption Rates as of 7/21/2008
The odds listed here are an estimate, not a guarantee that your home will sell in this time frame
Data supplied by Latter & Blum REALTORS and is deemed reliable, but not guaranteed
If you are considering selling your Harvey LA home, please contact Lisa Heindel for a local, experienced West Bank real estate agent. I’d be happy to help you price and prepare your home for sale.
Related Reading:
What Is A Real Estate Absorption Rate?
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