Lagniappe Living in Lake Charles, Louisiana: July 2014

Lake Charles LA Home Inventory

In a recent economic forecast, Freddie Mac addressed the inventory levels as BELOW historic norm.  " Including newly built homes in the inventory count, the total number of homes offered for sale relative to the number of households in the US has been running at the lowest level in more than 30 years"  "The relatively low for sale inventory reflects several features of today's market.

KCM NAR data

The National Association of Realtors research shows us a balanced real estate mark requires a six month supply of available housing inventory.  According to a Existing Sales Report earlier this week, NAR revealed that we are still only at 5.5 month supply inventory.

What occurs when inventory levels remain below historic norms is it becomes a seller's market.  This is true for our real estate market in Lake Charles and Southwest Louisiana.  With the burst of economic growth and expansion bringing new residents to Lake Charles, our current real estate inventory cannot meet the supply.  Developers and builders cannot keep up with the demand and this will continue to be an issue as more of those permanent jobs bring residents to Lake Charles  from now through in 2015.  Don't be surprised to see a low amount of results when searching for Lake Charles Home that there are not many homes that come up in your home search!

Multiple offers on properties are becoming more and more common,  What is here today may be gone tomorrow!  Lake Charles Home Buyers check out these tips for multiple bid strategy! 

If you are considering selling your home, now may be the time to list it for sale, Contact me to go more into detail with your home value and listing

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For more information on Lake Charles Real Estate, visit my website.  You can search homes for sale in Lake Charles, Louisiana,  and view up to date information on Lake Charles Subdivisions, Neighborhoods

Find Lake Charles Realtor Marilyn Boudreaux Century 21 Mike D. Bono & Co.'s on Google+

If you are planning a move to or from the Lake Charles, LA area, I can help!   I am a full time Realtor licensed by the Louisiana Real Estate Commission and am affiliated with:


Century 21 Mike D. Bono & Co.'s

4410 Nelson Road, Lake Charles, LA, 70605 USA

337-478-1578 or 337-499-9592

CENTURY 21® is a registered trademark owned by Century 21 Real Estate LLC. An Equal Opportunity Company. Equal housing Opportunity. Each office is independently owned and operated.  The information contained in this blog is believed to be reliable and while every effort is made to assure that the information is as accurate as possible, the author of this blog, and its comments are not warranted or implied representation of it's accuracy,  All information is copywritten and the property of the Author, Marilyn Boudreaux.  

 

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Comment balloon 3 commentsMarilyn Boudreaux • July 28 2014 09:01AM
Lake Charles LA Home Inventory
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In a recent economic forecast, Freddie Mac addressed the inventory levels as BELOW historic norm. " Including newly built homes in the inventory count, the total number of homes offered for sale relative to the number of households in the US… more