Louisiana Fourth Quarter 2011 Home Sales Finish Strong

According to the Louisiana Realtors 2011 Fourth Quarter Report, Louisiana home sales rose 4.8 percent in 2011 The state’s residential real estate market continued significant positive momentum throughout the second half of 2011, with sales for the fourth quarter up 11.7 percent statewide.

With back to back strong quarters to close out 2011 shows the stabilization that buyers and sellers have been looking for.

Total sales volume in Louisiana rose 3.4 percent for the quarter and 2.9 percent for the year. The nearly 12 percent increase in home sales across the state for the quarter comes on the heels of a 20.3 percent sales jump reported in the third quarter.



The statewide 2011 average home sales price of $180,846 was down 1.8 percent from the previous year. Lower home sales prices across the country are attributed in part to a higher number of distressed property sales, including foreclosures.

Home showings have been up in January 2012 which will produce an active spring and summer. With interest rates holding at record lows market conditions are looking positive for both buyers and sellers throughout the State of Louisiana.