Real Estate Market in Lafayette is Looking Up!

We know now that 2012 was a very good year for housing in Acadiana. In Lafayette Parish the number of home sales reported to the REALTOR Association of Acadiana Multiple Listing Service (MLS) rose by 22.5% over 2011. New Construction home sales increased by over 30%, while sales of previously owned homes rose by 19%. Although sales did not attain the levels of our post-Katrina/Rita years of 2006 -2007, we ended 2012 pretty close to those record years.

So what might 2013 hold for us? Of course, only one month’s data is not sufficient evidence to predict any sort of trend, but the January 2013 report one certainly can’t repress a feeling that 2013 may end up being our best year ever in residential sales. 

• The number of Lafayette Parish closed home sales reported to the MLS in January (199) was up by 43% over January 2012 (139). 
• New Construction sales rose by 41%
• Re-sales were up by 44%

While those are impressive statistics, even more impressive is that, according to my monthly sales tracking data, the closed sales reported this January was an all-time record breaker. The closest past January number reported was in January 2007 when 173 sales were reported to the MLS 

This representation is based in whole or in part on data supplied by the REALTOR Association of Acadiana Multiple Listing Service. Neither the Board nor its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Board may not reflect all real estate activity in the marketplace.