About Caddo Parish, LA

Panoramic sign riders are the latest in innovative marketing solutions for real estate agents or For Sale By Owner properties. These riders are designed to capture the attention of passers-by and to stand out from the crowd of other real estate riders.

A drive through any neighborhood in the Shreveport/Bossier City area will reveal a host of real estate signs and their respective riders. Most of these provide information such as the listing realtor, a phone number or maybe a website address. However, PanoRiders are not your typical sign rider. A PanoRider offers a full color, high resolution panorama of the interior of the property. Text alone is not enough any more, this sign rider will capture the interest of buyers with a glimpse inside the home.

Once the buyer's interest is peaked, they can gain the information they are seeking with the single property website located on the PanoRider. This single property web address is the address of the listing itself. Once online, the buyer will see a virtual tour of the entire interior of the home along with the listing agent's or owner's contact information, a mortgage calculator, school information and much more.

Next, of course, the interested buyer calls the agent and offers double the asking price for the home, then requests to bring a check by that afternoon......Ok, no, that part doesn't really happen. But, this sign rider does generate leads who are familiar with the property and already highly interested.

This innovative marketing tool harnesses the power of the internet together with the power of a yard sign to gain exposure for real estate listings. If you are a real estate agent or an FSBO who wants to stand apart from the crowd while maintaining cost effective advertising, this is worth your time to investigate.

I thought it might be useful to some of you to see just what has happened in Shreveport when it comes to the number of homes for sale, homes sold, and new listings this year. Below is a chart that shows the number of homes in each of these categories.

As you can see, we are doing somewhat better with the number of homes for sale and new listings coming on the market declining. I think that once we get past the holidays, the new president is in office, and we've gotten some of the economic jitters worked out, the number of homes sold will begin to rise.

As I've indicated before watching the trend for the housing inventory is a good way to see which way the market is headed. We all know the nation's economy is very volatile right now, and it will be awhile before everyting smooths out, the housing sector included. Fortunately for Shreveport residents, our housing industry hasn't had the huge fallout that other areas of the country have. Shreveport has seen an increase of inventory and fewer sales, but prices have not tanked as in some markets. What the August through October absorption rates for Shreveport home sales show us is that there are fewer houses being listed which is good. At the same time, fewer homes are selling as consumers take a wait-and-see attitude about making a move right now. Most people are wanting to see what affect the change in presidency will have on the housing industry. While the number of homes for sale and new listings are down or the same in every category but one, the number of homes that have sold is also down. The one price point that bucks this trend is the $250,001 to $400,000 category. There, the number of homes for sale and new inventory is up, but homes sold is down, changing the inventory from 6 months in August to 11 in September and 9 months in October. So for buyers, selection should be very good in this price range.

October 2008 Absorption Rates - Shreveport Area Residential Sales

Reliable MLS Data These figures come from information pulled from the MLS. The data in the MLS are deemed reliable but not guaranteed.

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You're at Home with Heather
Shreveport and Bossier City, Louisiana Real Estate

Shreveport Home Connection
Coldwell Banker J. Wesley Dowling & Assoc. LLC

Serving your real estate needs in Shreveport, Bossier City, Benton, Haughton, Keithville, Stonewall, Blanchard, and Barksdale AFB

Licensed in Louisiana

Here are the absorption rates for Shreveport, Bossier City, and surrounding towns. Remember that absorption rates show how quickly homes on the market are being sold and how many new homes are replacing those. If more homes are coming on the market and remaining unsold, the inventory is higher, and it's deemed a buyer's market. That's the situation we're in now. Take a look at October's absorption rates for Shreveport et al for more analysis.

September 2008 Absorption Rates - Residential Sales

Reliable MLS Data These figures come from information pulled from the MLS. The data in the MLS are deemed reliable but not guaranteed.

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You're at Home with Heather
Shreveport and Bossier City, Louisiana Real Estate

Shreveport Home Connection
Coldwell Banker J. Wesley Dowling & Assoc. LLC

Serving your real estate needs in Shreveport, Bossier City, Benton, Haughton, Keithville, Stonewall, Blanchard, and Barksdale AFB

Licensed in Louisiana

I've been rather remiss in posting the absorption rates for the Shreveport area market. Since the trend over time is the most useful way to analyze this information, I'm going back to August to post these numbers. So, take a look at this info, then take a look at the numbers for September and October which I'll be posting immediately after this one. I'll provide my analysis in the post for the October absorption rates for Shreveport, Bossier, and the surrounding towns.

August 2008 Absorption Rates - Residential Sales

Reliable MLS Data These figures come from information pulled from the MLS. The data in the MLS are deemed reliable but not guaranteed.

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You're at Home with Heather
Shreveport and Bossier City, Louisiana Real Estate

Shreveport Home Connection
Coldwell Banker J. Wesley Dowling & Assoc. LLC

Serving your real estate needs in Shreveport, Bossier City, Benton, Haughton, Keithville, Stonewall, Blanchard, and Barksdale AFB

Licensed in Louisiana