November 2018 Market Overview

As of 11/30/18, there were 2,406 homes for sale in our market area.

339 homes sold during the month of November (11/1/18-11/30/18).  

This results in a 7.09 month inventory of homes.  This means if no additional homes came on the market it would take approximately 7.09 months for all homes to sell.

The average list price of active properties as on 11/30/18 was $225,300 and the average sold sales price for the month of November was $182,311.

543 New homes were listed in the month of November.

 

List                                          11/30/18 Homes                    Homes Sold                  Months

Price                                        for Sale                                    in November               Inventory

 

$0-$99,999                              546                                          81                                6.74

$100,000-$199,999                 769                                          127                              6.05

$200,000-$299,999                 530                                          85                                6.23

$300,000-$399,999                 261                                          27                                9.66

$400,000-$499,999                 83                                            8                                  10.37

$500,000-$599,999                 83                                            7                                  11.85

$600,000 and over                  134                                          4                                  33.5

 

Total Market                           2,406                                       339                              7.09

 

Total Market Nov 2017           2,441                                       345                              7.07

Total Market Nov 2016                                                           363                             

Total Market Nov 2015           2,246                                       284                              7.9

Total Market Nov 2014           2326                                        293                              7.94

 

 

 

 

 

 

 

 

Additional Statistic for sold homes during November 2018:

 

Financing                     Percentage

 

Assumable                   <1%

Cash                            25.07%

Conventional               25.36%

FHA                              23.89%

FHA203K                      <1%

Lease                           <1%

Other                           2.65%

Owner                         <1%

Rural Development     3.53%

VA                                18.28%

 

Days on Market          Percentage

 

0-30                             6.8%

31-60                           30.7%

61-90                           18.3%

91-120                         12.7%

121-180                       9.1%

181-365                       8.3

366+                            14.1%

 

Based on statistics from 12/5/18 for residential properties only/Solds and new listings for November.  For Zip Codes:

 

71101 Shreveport

Homes for sale now: 23          Homes sold:  5         New listing: 3                  Mos. Inventory: 4.6

 

71103 Shreveport

Homes for sale now: 17           Homes sold: 1          New listing: 3                  Mos. Inventory: 17

 

71104 Shreveport

Homes for sale now: 157        Homes sold: 17         New listing: 33               Mos. Inventory: 9.23

 

71105 Shreveport

Homes for sale now: 178        Homes sold: 23         New listing: 41               Mos. Inventory: 7.73

 

 

 

71106 Shreveport

Homes for sale now: 310        Homes sold: 36          New listing: 55              Mos. Inventory: 8.61

 

71107 Blanchard/Shreveport

Homes for sale now: 107        Homes sold: 16          New listing: 35              Mos. Inventory: 6.68

 

71108 Shreveport

Homes for sale now: 60          Homes sold: 6            New listing: 13              Mos. Inventory: 10

 

71109 Shreveport

Homes for sale now: 57           Homes sold: 4           New listing: 9                 Mos. Inventory: 14.25

 

71115 Shreveport

Homes for sale now:  107       Homes sold: 17         New listing: 17               Mos. Inventory: 6.29

 

71118 Shreveport

Homes for sale now: 102        Homes sold: 26            New listing: 32            Mos. Inventory: 3.92

 

71033 Greenwood

Homes for sale now: 21          Homes sold: 2              New listing: 3              Mos. Inventory: 10.5

 

71060 Mooringsport

Homes for sale now: 13           Homes sold: 2               New listing: 4              Mos. Inventory: 6.5

 

71078 Stonewall

Homes for sale now: 31           Homes sold: 3              New listing: 5               Mos. Inventory: 10.33

 

71111  North Bossier

Homes for sale now: 292        Homes sold: 49            New listing: 80             Mos. Inventory: 5.95

 

71112  South Bossier

Homes for sale now: 133        Homes sold: 39            New listing: 43             Mos. Inventory: 3.41

 

71037  Haughton

Homes for sale now: 102        Homes sold: 19            New listing: 23             Mos. Inventory: 5.36

 

71006  Benton

Homes for sale now: 133        Homes sold: 24            New listing: 39            Mos. Inventory: 5.54

 

71055 Minden

Homes for sale now: 56          Homes sold: 11            New listing: 7              Mos. Inventory: 5.09

 

Published December 2018, Sourced MLS MATRIX Northwest Louisiana,

DIAMOND REALTY & Associates.

Information believed to be accurate but not guaranteed.