Ep. 34 Market Update: May-2025

Ep. 34 - Market Update: May-2025Keywordsreal estate, Lafourche Parish, Terrebonne Parish, market trends, property values, listings, buyer's market, seller's market, inventory, real estate podcast SummaryIn 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." Chapters00:00 Introduction to Market Trends02:44 Lafourche Parish Market Overview05:17 Active and Pending Listings in Lafourche07:50 Terrebonne Parish Market Overview10:22 Comparative Analysis of Lafourche and Terrebonne12:49 Market Dynamics and Seller Strategies15:53 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 [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 StudiosClick here to view the episode transcript. Click here to watch a video of this episode.