December 2024 Lafayette Real Estate Market Update
Hey Lafayette homeowners! It’s J. Ray with Keaty Real Estate, your favorite real estate agent, here to share the latest updates on the Lafayette, LA real estate market. Whether you’re buying, selling, or just staying informed, here’s everything you need to know about the local housing trends this month.
November 2024 Market Overview
November brought strong activity to Lafayette’s housing market, with 261 homes sold, marking a 10% increase compared to November 2023. Despite the seasonal slowdown, the market remains active and steady.
Here are the key highlights:
🏠 Homes Sold: 261 (10% year-over-year increase)
📆 Days on Market: 65 days (9% longer than last year)
💰 Average Sale Price: $279,663 (1% increase from November 2023)
📊 Pre-Pandemic Comparison: Average prices are 17.5% higher than in November 2019.
Current Inventory Trends
Inventory levels have improved, offering buyers more options:
Active Listings: 1,200 homes (up 18% from November 2023)
Pre-Pandemic Comparison: Inventory is still 24% lower than November 2019.
More homes on the market give buyers a competitive edge, while sellers still benefit from steady demand and rising prices.
What This Means for Buyers 🏡
With increasing inventory and improving interest rates, now is a fantastic time to find a deal on a home in Lafayette. Buyers can take advantage of:
More options to choose from
Motivated sellers as homes spend slightly longer on the market
If you’ve been waiting to jump into the market, this could be your window of opportunity.
What This Means for Sellers 📈
While competition is increasing, homes are still selling at higher prices than last year. To stand out in this market:
Price your home right from the start
Use a strong marketing strategy to attract serious buyers
I’m here to help you navigate the market and get the best results for your home sale.
Looking Ahead to 2025 🚀
As we wrap up the year, Lafayette’s real estate market continues to show resilience and growth. Buyers and sellers alike can look forward to fresh opportunities in the new year.
Whether you’re ready to make a move or just exploring your options, I’m here to guide you every step of the way.
If you’re buying or selling, let’s connect today! 📞 Call me at 337-230-0664 to get started.
Until next month, I’m J. Ray, your favorite real estate agent.
About Jason Ray – Keaty Real Estate
Jason Ray is a trusted real estate professional in Lafayette, LA, specializing in helping homeowners and buyers achieve their goals with expert market knowledge and personalized service.
📞 Contact Information:
Phone/Text: 337-230-0664
Email: jray@keatyrealestate.com
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