Market Trends in Northeast Louisiana

[Aaron Hoyle]

Here's a market update looking at a rolling 12 months today vs. last year (as of Sunday, January 15th). This is specifically looking at "Residential Income" properties (single family rental, townhouse, duplex, triplex, fourplex) in the Northeast Louisiana market.

Going from the top, you'll notice a big difference in properties sold over the previous 12 months. Total sales have dropped by 1/3 this year vs the same time period last year.

The median number of days on market dropped from 74 to 47 as investors have been eager to grab what's available.

The median listing price dropped from $170k to $152k as a number of lower end properties hit the market.

The listing vs. sale price rose from 91% to 95% as there was greater competition for fewer listings.