Terrytown and Gretna, LA 70056: June 2008 Real Estate Absorption Rates

Here is a quick look at the current real estate market in Terrytown and Gretna, LA.

• A balanced real estate market has on average a 5-6 month supply of homes for sale.  Typically, over 6 months of inventory indicates a buyers market.
• The under $160,000 price ranges are doing very well in Terrytown and Gretna, indicating a current sellers market in these popular price ranges. 
• The overall supply of homes for sale in Gretna and Terrytown edged up slightly for the third month in a row, hitting 8.9 months as of 6/18/2008.
• There is an oversupply of homes for sale in the $225,000-$250,000 range, so home sellers who fall into this category should be prepared for a possible extended marketing time.  Owners of homes in the over $300,000 price range might want to consider staging their homes to better position themselves in this tough category.

Real Estate Absorption Rates for Terrytown and Gretna as of 6/18/2008

 

 

 

If you are considering selling your home in Gretna or Terrytown, it’s critical to be aware of the current market environment and to understand what competition you are facing.  For local, expert advice when selling your New Orleans West Bank home, please contact Lisa Heindel, REALTOR®.  I’d be happy to help you properly prepare and price your home for our current, challenging real estate market. 

 

Related Reading:

5 Steps to Choosing Your New Orleans West Bank Real Estate Agent 

Make Your Home the Star of the Neighborhood - Stage It!

  

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Here’s the disclaimer part:  The opinions expressed here are strictly those of the author, but you are free to share yours in the comments.  All information is deemed reliable but not guaranteed.

Copyright 2008.  Lisa Heindel, All rights reserved.

Terrytown and Gretna, LA: April 2008 Real Estate Absorption Rates

A quick look at the Terrytown and Gretna (zip code 70056) absorption rates show that the under $180,000 real estate market is doing very well, indeed.  A few notes about the current market:

• Homes priced at less than $160,000 are selling very quickly.  A balanced market has a 5-6 month supply of homes for sale and in some price ranges it is leaning towards a sellers market, something we haven’t seen in Terrytown and Gretna for some time.
• Homes priced over $350,000 are experiencing very slow sales.  Actually, they are experiencing NO sales for the last 90 days.
• There are a huge number of homes on the market priced from $180,000-$250,000.  If you are selling a home in one of these price ranges, be sure to check out my West Bank Seller Tips.

Terrytown and Gretna, LA

as of 4/24/2008

         

Are you considering selling your Terrytown or Gretna home?  Be sure to call an experienced West Bank REALTOR® to help you properly prepare and price your home to sell.

Related Reading

Selling Your Home Is A Business - Run It Like One!

Gretna and Terrytown, LA 70056: March 2008 Home Sales and Real Estate Market Update

5 Steps to Choosing the Right New Orleans West Bank Real Estate Agent