Ep. 24 – April Market Update - Houma

Summary

In this episode, Ben Harang and Clint Galliano discuss the April real estate market update for Houma, Louisiana. They analyze current market conditions, including the buyer's market status, median property values, and the impact of interest rates on home buying. The conversation also covers active and pending listings, sales performance, and the overall trends in the Houma real estate market. The hosts emphasize the importance of understanding these dynamics for potential buyers and sellers.

Takeaways

·         The Houma market is currently a buyer's market with 7.68 months of inventory.

·         Median sold price in Houma is $197,000, with a 96% sold-to-list price ratio.

·         Interest rates are fluctuating, but buyers should focus on purchasing what they need.

·         The median estimated property value in Houma is $221,000, showing a slight increase.

·         New listings in April had a median price of $235,000, indicating stable pricing.

·         Active listings have increased, suggesting a recovery in the market post-Ida.

·         Pending listings show a healthy turnover with 70 properties going under contract in April.

·         The average days on market for sold properties is 99 days, indicating a steady pace.

·         Buyers can negotiate concessions in the current market due to increased inventory.

·         The hosts encourage listeners to reach out for real estate advice and assistance.

Sound Bites

"The market's still active."

"We have recovered from Ida."

"We're in a buyer's market."

Chapters

00:00 Introduction to the April Market Update

03:21 Current Market Conditions in Houma

06:11 Median Property Values and Trends

09:19 Interest Rates and Buying Strategies

12:15 Active Listings and Inventory Analysis

15:06 Pending Listings and Market Dynamics

18:28 Sales Performance and Closing Trends

21:24 Conclusion and Future Outlook

25:29 Disclaimer

Hosts 

Ben Harang, REALTOR® La. 

License #: 36589 

Keller Williams Realty Bayou Partners 

Mobile: 985.859.2500 

Office: 985.262.4400 

[email protected]

benharang.com 

Clint C. Galliano, REALTOR® 

La. License #: 995704723 

Keller Williams Realty Bayou Partners 

Mobile: 985.647.4479 

Office: 985.262.4400 

[email protected]

clintcgallianorealtor.com 

Produced by Clint Galliano 

Music by Wiggins Studios

Keywords

Houma real estate, market update, property values, interest rates, home buying, real estate trends, inventory analysis, pending listings, sales performance, REALTOR insights

Click here to view the episode transcript.