Ep. 34 Market Update: May-2025
Ep. 34 - Market Update: May-2025
Keywords
real estate, Lafourche Parish, Terrebonne Parish, market trends, property values, listings, buyer's market, seller's market, inventory, real estate podcast
Summary
In this episode of the RE Real Estate Podcast, hosts Ben Harang and Clint Galliano discuss the current market trends in Lafourche and Terrebonne parishes. They analyze key metrics such as inventory levels, median sold prices, and the dynamics of active and pending listings. The conversation highlights the differences between the two parishes, with Lafourche showing signs of a balanced market while Terrebonne is identified as a buyer's market. The hosts also share insights on strategies for sellers in the current market conditions.
Takeaways
· Lafourche Parish is experiencing a balanced market with 6.44 months of inventory.
· The median sold price in Lafourche is $231,250, reflecting a slight discount from the list price.
· Terrebonne Parish has 8.65 months of inventory, indicating a buyer's market.
· New listings in Lafourche increased by 6.8% month over month.
· The median list price for new listings in Terrebonne is $215,000, down 10.5% month over month.
· Active listings in Terrebonne have a median price of $235,000, with 547 properties available.
· Pending listings in Lafourche show a significant increase in properties under contract.
· The hosts emphasize the importance of pricing strategies for sellers in a fluctuating market.
· There are regional differences in market health within Lafourche and Terrebonne parishes.
· The overall real estate market is still recovering, with pockets of strength and weakness.
Sound bites
"The median sold price is $231,250."
"The health of the market is changing."
"If you're realistic on today's pricing."
Chapters
00:00 Introduction to Market Trends
02:44 Lafourche Parish Market Overview
05:17 Active and Pending Listings in Lafourche
07:50 Terrebonne Parish Market Overview
10:22 Comparative Analysis of Lafourche and Terrebonne
12:49 Market Dynamics and Seller Strategies
15:53 Conclusion and Call to Action
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
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.
