Ep. 22 – April 2025 Market Update: Terrebonne Parish

Ep. 22 – April 2025 Market Update: Terrebonne ParishSummaryIn this episode, Clint C. Galliano and Ben Harang provide a comprehensive update on the real estate market in Terrebonne Parish. They discuss current market trends, inventory levels, property values, and the dynamics of new and pending listings. The conversation highlights the differences between median and average property values, the health of the market, and the implications for buyers and sellers. Overall, the hosts emphasize that despite challenges, it remains a favorable time for real estate transactions in the area. Takeaways·         Terrebonne Parish is currently in a buyer's market with 8.33 months of inventory.·         Median days for properties to sell in Terrebonne is 92 days, longer than Lafourche.·         The median sold price in Terrebonne is $195,000, showing a 5.4% increase from March.·         New listings in April totaled 127, indicating a larger market size compared to Lafourche.·         The total volume sold in April was $18,084,410, up 70.5% month over month.·         Median list price for new listings was $215,000, reflecting a slight increase.·         Pending listings show a healthy market with 91 properties under contract in April.·         The market is experiencing a seasonal rise in listings as summer approaches.·         Understanding the difference between median and average values is crucial for accurate market analysis.·         Overall, the hosts agree that it's a good time to buy and sell in Terrebonne. Sound Bites"Median days in RPR is 92.""New listings in April: 127.""Now's the time to buy." Chapters00:00 Introduction to Terrebonne Parish Real Estate Market01:32 Current Market Trends and Inventory Analysis04:12 Understanding Property Values and Sales Dynamics07:06 New Listings and Market Activity10:15 Pending Listings and Market Health14:29 Sales Performance and Closing Trends17:17 Conclusion and Market Outlook19:37 Disclaimer Hosts Ben Harang, REALTOR® La. License #: 36589 Keller Williams Realty Bayou Partners Mobile: 985.859.2500 Office: 985.262.4400 [email protected]  Clint C. Galliano, REALTOR® La. License #: 995704723 Keller Williams Realty Bayou Partners Mobile: 985.647.4479 Office: 985.262.4400 [email protected]  Produced by Clint Galliano Music by Wiggins Studios KeywordsTerrebonne Parish, real estate market, property values, inventory analysis, market trends, home sales, buyer's market, pending listings, market health, real estate podcast Click here to view the episode transcript. Click here to watch a video of this episode.