RE: Real Estate Podcast

Clint C. Galliano, REALTOR® (00:00)
Hey y'all, how's the market?

Ben Harang, REALTOR® (00:17)
Good afternoon everyone. And welcome to another episode of the re real estate podcast. My name is Ben Harang with me as my cohost, Clint Galliano. Clint. Good afternoon. How you doing today,

Clint C. Galliano, REALTOR® (00:32)
doing wonderful, We are sitting here in the afternoon, our usual Wednesday recording, and we're covering July market update on this episode.

Ben Harang, REALTOR® (00:46)
And we have talked a lot about the state of the market and the good, the bad, and the ugly. And at the end of the day, it looks like the market has ticked up a little bit. We're go through the numbers and see where we are and why we always feel like it's a good time to buy real estate. So we have the Buy Your Board of Realtors. Clint just threw on a screen for those watching video. ⁓

We compare July of 2024 to 2025 with a percentage change and then January through July of 2024 and January through July of 2025 as a comparison just to see how the market has changed. And it's, it's not an absolute or exact science, but it gives you a pretty good idea. the new listings are up the.

Pending sales are up significantly. Uh, in July they up 32%. Uh, year over year is almost 9%. Uh, close sales are up 20, almost 29 % in July and 14, uh, four and a half percent in year to date. Uh, so the summertime is heating up. Uh, days on the market have gone down for July where they went up a little bit.

from 90 to 102 days year to date through July. The median sales price has gone down from 217,000 to 199,000 for July. But for the year, it's going from 213 to 210. So it's pretty stable year over year. The average sales price, which I really don't like,

stayed the same at 230 for the month of July and it went from 225 to 230 year over year from January to July of 2024 versus 2025. So the percent of list price received is about somewhere in the 95, 96 percent that's less than a 1 percent change so that stayed the same.

The inventory of houses went from 859 in July to 903. So the inventory is going up in a month supply of inventory went from 7.7 months to 7.6 months from 2024 to 2025. So that is pretty constant board wide. And we have some pockets that are better than that and worse than that. So I think we're going to talk about that in a few minutes. ⁓

Don't you take the next part Clint.

Clint C. Galliano, REALTOR® (03:38)
All right, so just looking at comparison of new listings from 24 to 25. July we're up year over year, like Ben said, 1%. This is just visual representation. Sorry for y'all just listening on audio. New listings in 24 was 185, new listings in 25.

was 187 and then year to date we're up 5.3%. So new listings in 24 year to date for July were 1333 and in 2025 for July we're at year to date 1,404 new listings. Closed sales, like Ben said, we had a significant jump.

In 24, we closed 114 by July. And for 2025, we're at almost 150 at 147. And year to date, a little bit closer, had 808 closed sales year to date in 24 by July. And by July of 25, we had 845.

And the other chart shown here is just a rolling 12 month calculation for median sales price. And it's comparing the entire state to the Bayou Board of Realtors. And it's a very similar track. Whereas the same general progression, we've got similar peaks and valleys. We may have had a

Ben Harang, REALTOR® (05:24)
Mm-hmm.

Clint C. Galliano, REALTOR® (05:29)
couple of valleys where the state kind of held the same, but more or less over the last couple of years, we've followed a similar progression.

Ben Harang, REALTOR® (05:40)
Yeah. Okay. Well, let's talk about some differences in the markets. And I'm going take Thibodaux, Clint, you can take Houma The months of inventory is really significant between board-wide, which include Lafourche Terrebonne and St. Mary Parishes, and assumption.

Clint C. Galliano, REALTOR® (05:43)
All right. ⁓

All right, let me get that up.

Ben Harang, REALTOR® (06:09)
At 7.6, the typical market is at 3.8 ⁓ months of inventory, which is firmly ⁓ in a seller's market. ⁓ The median days in a system is 15 days. Reminds me of what happened after Katrina. ⁓ Stuff we got down to 25 listings around here. ⁓

median price sold is at hundred and forty thousand dollars which is up a little up two percent. So the median estimated value is two hundred forty seven thousand dollars. We listed forty three properties, median price per square foot is a hundred and forty nine dollars per square foot for a total volume of three point

just under $3.5 million with a living area of 1,300, 1,350 million, I'm sorry. And little under 1,700 square feet of living area is the square footage.

Clint C. Galliano, REALTOR® (07:08)
13.

Ben Harang, REALTOR® (07:18)
So the active listings, we have 146 active, 84 days on the market at $150 a square foot. A little over, we're selling at 149, we're listing at 150, so we're close, for a total volume of $49.1 million.

Couple of bigger houses on the market at 1844 square feet living ⁓ for the total market.

Pending sales, the median list price is $266,046, 52 days on the market. The median dollar per square foot is 151, and the total volume is almost $13.5 million. And the pending listings.

median price is 282,000. There's 62 pendings with 12 median days on the market of 12 at $153 a square foot for just under $19.5 million.

which is, which is crazy in my mind. Um, it looks like, oh, well, you can see the chart. We're topping out in July of 25, uh, more than we've been since over the last five years. Um, closed listings in July, we closed 46 for 240, $240,000 of the median sold price. So to list price is 95.29%.

15 days on the market, $150 a square foot for a total volume of $12.7 million. And I think that there's a 3.83 months of inventory. It went down 13 % and the lower that inventory goes, the...

the more we're in a seller's market and there's a monthly change of 27 % that it went down. So we're trending towards a solid seller's market in and around the Thibodaux area. And it's basically 70301 zip code. So hopefully I didn't go through that too fast, Clint. And I'm let you take Houma

Clint C. Galliano, REALTOR® (09:44)
All right.

Ben Harang, REALTOR® (09:45)
am I asking you to take Houma?

Clint C. Galliano, REALTOR® (09:47)
All

right, so by comparison, Houma's got 7.63 months of inventory. So that's trending down. Last time we looked at this, we were squarely in over eight months of inventory. ⁓ So that could be a number of factors. ⁓ There are properties selling. There are less people listing.

Ben Harang, REALTOR® (10:06)
Mm-hmm.

Clint C. Galliano, REALTOR® (10:17)
So that reduces the inventory of properties for sale. But we're still squarely in a buyer's market. Sold to list is just under 96%. That's not a real big change. It's less than 1 % change over month over month. So it's holding fairly steady. Median days on the market is 39%. That's up 30 % over the last month.

and the median sole price is $189,000 and that's down just under 15%. Estimated property values is $218,000. That's up a little bit over half percent. Year over year, that's down about a half percent. So that's fairly steady.

New listings, 72 new listings, median list price is $197,000. That's up a little. The number of new listings is down almost 20 % month over month. The median price per square foot is $142, and that's up almost 12 % month over month. And the volume is just under $20 million. That is down.

a little bit over 17 % month over month. Median square footage for living area 1620, that's about a percent up month over month. Then moving on to active listings, so that's total listings on the market. The median list price 225, almost 226,000, that's up 5%, a little bit over 5%.

There are 366 properties on the market. And so there's the tail of the tape there. So we had less new listings. And so we're down a little bit over, well, a little under 3.5 % for total listings, active listings, that 366 properties for sale.

Ben Harang, REALTOR® (12:13)
Mm-hmm.

Clint C. Galliano, REALTOR® (12:28)
median days as 114 days on the market and that's up just under a hair under 13 percent. Price is $132 per square foot. It's price per square foot that is and that's a little over three percent and total volume listed on the market is 115 million and some change.

That's about a half percent change month over month. Overall median living area is a little over 1,800 square feet and that's about a little over a half percent change there also. New pending listings. So these are newly under contract in the month of July. The median list price is $176,000, almost $177,000.

That's down almost 24%. There were 56 properties put under contract. That's down almost 3.5%. Median days is 73 days for that to happen. And that's up 121%. That's a lot. That's more than doubled. Median price per square foot.

This is 118 that's dropped a little over 10 % month over month. And the total volume under contract for Houma is a little bit over $11.5 million and that's a 24 % drop. Living area, median living area is 1727 and that's almost a half percent drop month over month.

Ben Harang, REALTOR® (14:12)
Right. And just, just to add Clint, we had 72 new listings in July and we had 56 of them going to contract in July of 56 properties going to contract. So that's what 16 properties that are added to the inventory. Uh, when we talk about how many months of inventory we have to sell. Um, so.

It's not a lot, but it's it's trending.

Clint C. Galliano, REALTOR® (14:46)
Yeah, we are moving some, unless coming on the market. So, pending listings, so that's total pending listings, that's $207,000, that's down almost 14 % month over month, 70 properties total.

that are pending or under contract and that includes the new listings, pending listings. That's down 10 % month over month, median days for across all the pending listings is 74 and that's up 80.5%. So it's taking, what that's saying is that it's taking longer to get these properties closed. And I can attest to that from experience.

Ben Harang, REALTOR® (15:30)
Mm-hmm.

Yeah.

Clint C. Galliano, REALTOR® (15:36)
median dollar per square foot is $125 per square foot. That's down a little over 8%. And total volume that's pending or under contract, however you want to look at it, is 16 point, almost 16.7 million. And that's down 20 % over 20 % month over month. Looks like the median living area

Square footage is up 3.5 % at $17.95 for the properties under contract.

Alright, looking at sold listings. Median sold price is $189,000. That's down 15%.

Number of properties that sold was 59. That's up almost 16%. The sold to list is 95.85%. That's down almost a percent. Median number of days is 39 for the sold listings in July, and that is up 30 % month over month. Median dollar per square foot is 133.

And that's down just under 6%. And total volume that sold was a little over $14 million. And that's almost 18 and 1 half percent. And then getting back to inventory, we're at 7.6 months supply of inventory. And that's down 4.3 % over last month. And it's up 2 % over the

same time last year.

So kind of the tale of two cities, ⁓ ultimately it looks like across the board, less people are listing in July. And I think we kind of observed that here at Keller Williams. Still people are still closing. ⁓ Yeah, but overall there's still more inventory for sale in Houma than in Thibodeau.

Ben Harang, REALTOR® (17:17)
Okay.

Mm-hmm.

Right.

Right. Right. And Houma was a bigger, bigger market than Thibodaux is. But looking at the differences in, in Houma I just feel like there's a lot of more lower valued houses, which would, possibly include camps that were included in those numbers. Cause I think it skewed the numbers down a little bit and I suspect we're going to see that come back up. So.

Clint C. Galliano, REALTOR® (18:14)
And that's possible too, yeah.

Ben Harang, REALTOR® (18:17)
All right. Yeah, like Clint said, that's the tale of two cities, and board wide, and then Houma and Thibodaux So if you have any questions, you can, you can reach us on a website at, re real estate podcast.com. Leave a comment, ask a question, challenges, challenges on something we said, whatever, whatever you want to do. If you want to talk about a specific.

Deal you have going on or would like to see go on You can leave a leave a comment. We'll we'll contact you However, however you want to do it But if you if you want to talk to somebody our contact info is on re real estate podcast comm we real easy to find online So call us and we're happy to talk to you. We we laugh about how much we talk on these podcasts. So

Well, obviously like to talk, but, I think that's it Clint. have anything else?

Clint C. Galliano, REALTOR® (19:09)
Like, comment, share, make sure all your friends listen.

Ben Harang, REALTOR® (19:13)
There you go. Yeah, yeah. Alright, y'all have a good day. Thanks Clint.

Clint C. Galliano, REALTOR® (19:14)
or watch.

All right, thank you, man. Bye bye.