How hot is the real estate market near Monroe? Home prices fall below $188K

The median revenue value for a single-spouse and children house in Ouachita Parish through January was $187,500. That’s a minimize of 6.2% compared with January 2021, according to a Usa Now Network localized examination created with knowledge from Realtor.com.

On a year-about-calendar year foundation, single-relatives residence rates just commenced falling. January selling prices are down from $195,999 the preceding month.

The quantity of residences bought fell by 18.6% from a calendar year before. A overall of 92 houses were being sold parishwide during the thirty day period of January. Through the exact period a yr earlier, 113 single-household residences had been offered.

Serious estate revenue can choose weeks or months to be recorded and collected. This is the latest information designed readily available by Realtor.com to the United states Right now Community.

How sizzling is Ouachita Parish’s actual estate market in Louisiana?

Data on your community housing marketplaces is accessible via the United states Currently Community, with additional data from Real estate agent.com.

In Ouachita Parish the top 10% of the attributes sold had costs of at least $350,000, up 7.7% from a yr right before.

In January, no properties offered for $1 million or extra.

The median household sale price tag — the halfway place of all the houses or models offered above a interval of time — is utilized in this report instead of the typical residence sale price because specialists say the median offers a far more accurate perspective of what is going on in a market place. In locating the common selling price, all selling prices of houses marketed are included and then divided by the number of households sold. This measure can be skewed by a person reduced or high selling price.

The Usa Nowadays Community is publishing localized variations of this story on its information internet sites across the nation, created with information from Realtor.com. Localized versions are generated for communities where the knowledge top quality and transaction volume satisfies Real estate agent.com and United states Nowadays Community requirements. The tale was penned by Sean Lahman.

This report originally appeared on Monroe News-Star: Ouachita Parish’s typical residence offered for a decrease selling price year about calendar year