Ep. 24 – April Market Update - Houma
Ep. 24 – April Market Update - Houma
Summary
In this episode, Ben Harang and Clint Galliano discuss the April real estate market update for Houma, Louisiana. They analyze current market conditions, including the buyer's market status, median property values, and the impact of interest rates on home buying. The conversation also covers active and pending listings, sales performance, and the overall trends in the Houma real estate market. The hosts emphasize the importance of understanding these dynamics for potential buyers and sellers.
Takeaways
· The Houma market is currently a buyer's market with 7.68 months of inventory.
· Median sold price in Houma is $197,000, with a 96% sold-to-list price ratio.
· Interest rates are fluctuating, but buyers should focus on purchasing what they need.
· The median estimated property value in Houma is $221,000, showing a slight increase.
· New listings in April had a median price of $235,000, indicating stable pricing.
· Active listings have increased, suggesting a recovery in the market post-Ida.
· Pending listings show a healthy turnover with 70 properties going under contract in April.
· The average days on market for sold properties is 99 days, indicating a steady pace.
· Buyers can negotiate concessions in the current market due to increased inventory.
· The hosts encourage listeners to reach out for real estate advice and assistance.
Sound Bites
"The market's still active."
"We have recovered from Ida."
"We're in a buyer's market."
Chapters
00:00 Introduction to the April Market Update
03:21 Current Market Conditions in Houma
06:11 Median Property Values and Trends
09:19 Interest Rates and Buying Strategies
12:15 Active Listings and Inventory Analysis
15:06 Pending Listings and Market Dynamics
18:28 Sales Performance and Closing Trends
21:24 Conclusion and Future Outlook
25:29 Disclaimer
Hosts
Ben Harang, REALTOR® La.
License #: 36589
Keller Williams Realty Bayou Partners
Mobile: 985.859.2500
Office: 985.262.4400
benharang.com
Clint C. Galliano, REALTOR®
La. License #: 995704723
Keller Williams Realty Bayou Partners
Mobile: 985.647.4479
Office: 985.262.4400
clintcgallianorealtor.com
Produced by Clint Galliano
Music by Wiggins Studios
Keywords
Houma real estate, market update, property values, interest rates, home buying, real estate trends, inventory analysis, pending listings, sales performance, REALTOR insights
Creators and Guests
Host
Ben Harang
Ben Harang brings over 30 years of experience as a licensed agent and currently works with Keller Williams Realty Bayou Partners. Ben’s experience includes single family residential sales, large land sales, subdivision development, building new construction residential and commercial projects and selling REO/Foreclosed properties.
Host
Clint C. Galliano
Clint Galliano, who’s been an agent since 2020 & an investor since 2008, also with Keller Williams Realty Bayou Partners. Clint’s experience includes residential sales, residential rentals, property management, and various avenues of investing.
