Hey Lafayette homeowners! It’s J. Ray, your favorite real estate agent, and I’m back with your June 2025 real estate market update for Lafayette Parish. Whether you’re buying, selling, or watching the market closely, these numbers will help you stay informed and confident in your next move.
📊 May 2025 Market Overview
🏠 Homes Sold: 335 (⬆️ 8% increase vs. May 2024)
📆 Average Days on Market: 79 days (⬆️ 28% longer than last year)
💰 Average Sale Price: $291,520 (⬆️ 1% year-over-year)
📈 Compared to May 2019: Prices are up 18%, showing long-term market strength
🏡 Active Listings: 1,143 (unchanged YOY, but ⬇️ 30% compared to May 2019)
🛍️ What This Means for Buyers
Looking to buy a home in Lafayette?
✅ Inventory remains moderate, giving buyers decent options
✅ Interest rates are stable, which helps you plan your monthly budget
✅ Homes are staying on the market longer, giving you more time to negotiate and explore
👉 This is a great time to shop smart and find hidden gems before the summer heat pushes demand higher.
💼 What This Means for Sellers
Thinking about selling your Lafayette home?
✔️ Home values are still climbing, even if it’s at a slower pace
✔️ The average time on market is rising, so marketing and pricing strategy are more important than ever
✔️ You’re competing with more well-prepared sellers, so working with the right agent (😉) is essential
A smart listing price + a powerful marketing plan = your home sold faster and for top dollar.
🔮 Market Outlook for Summer 2025
The Lafayette housing market remains steady, with balanced conditions for both buyers and sellers. As we head into the heart of the selling season, we expect increased activity, especially with interest rates remaining relatively stable.
📞 Have questions or ready to make a move? Call or text me anytime at 337-230-0664.
Until next month,
I’m J. Ray – your favorite real estate agent!