Terrytown LA | Single Family Home Sales
Good news for home owners in Terrytown and Gretna (70056 zip code) – prices are up almost 15% from this time last year. The number of sales has dipped just a smidge, but homes are selling 12.5% faster.
The available inventory of homes for sale has dropped, but with a 10.41 month supply, it’s still a buyer’s market in most parts of the community.
Terrytown and Gretna LA 70056 | Multi-Family Home Sales
There’s not a lot to report on multi-family sales because there have been so few of them – only 2 this year. This small volume makes comparisons almost useless, because the numbers are so easily skewed.
The real number to look at is inventory. With 4 years of available inventory, multi-family owners may be better served by taking advantage of the rental shortage and putting those properties into commerce to produce income until there is more of a demand.