Ep. 34 - Market Update: May-2025

Keywords

real estate, Lafourche Parish, Terrebonne Parish, market trends, property values, listings, buyer's market, seller's market, inventory, real estate podcast

Summary

In this episode of the RE Real Estate Podcast, hosts Ben Harang and Clint Galliano discuss the current market trends in Lafourche and Terrebonne parishes. They analyze key metrics such as inventory levels, median sold prices, and the dynamics of active and pending listings. The conversation highlights the differences between the two parishes, with Lafourche showing signs of a balanced market while Terrebonne is identified as a buyer's market. The hosts also share insights on strategies for sellers in the current market conditions.

Takeaways

·         Lafourche Parish is experiencing a balanced market with 6.44 months of inventory.

·         The median sold price in Lafourche is $231,250, reflecting a slight discount from the list price.

·         Terrebonne Parish has 8.65 months of inventory, indicating a buyer's market.

·         New listings in Lafourche increased by 6.8% month over month.

·         The median list price for new listings in Terrebonne is $215,000, down 10.5% month over month.

·         Active listings in Terrebonne have a median price of $235,000, with 547 properties available.

·         Pending listings in Lafourche show a significant increase in properties under contract.

·         The hosts emphasize the importance of pricing strategies for sellers in a fluctuating market.

·         There are regional differences in market health within Lafourche and Terrebonne parishes.

·         The overall real estate market is still recovering, with pockets of strength and weakness. 

Sound bites

"The median sold price is $231,250."

"The health of the market is changing."

"If you're realistic on today's pricing."

Chapters

00:00 Introduction to Market Trends

02:44 Lafourche Parish Market Overview

05:17 Active and Pending Listings in Lafourche

07:50 Terrebonne Parish Market Overview

10:22 Comparative Analysis of Lafourche and Terrebonne

12:49 Market Dynamics and Seller Strategies

15:53 Conclusion and Call to Action

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

Click here to view the episode transcript.