Lafayette

Jan 23, 2012 10:36 PM by Maddie Garrett

Acadiana Housing Market on the Upswing from 2010 to 2011

Realtors report new numbers that show Acadiana's Housing market is on the upswing from 2010 to 2011.

Susan
"I think the bottom line there is that Acadiana as a whole is up, there were more sales residentially and the Multiple Listing Service as a whole," said Susan Simmons, a realtor with Keller Williams Realty of Acadiana.

While the number of homes for sale might have dropped in Lafayette Parish from 4,528 in 2010 to 4,274 in 2011, the average price increased from $192,455 in 2010 to $199,536 in 2011. This, Simmons said, is a good thing.

But if you talk to homeowner Jan Hamilton, who's been trying to sell her home since July, the outlook might seem more negative.

"I mean we've done everything, we've had two open houses, there's been a caravan, there's been fliers, there's been postcards, ads in the paper, a big sign in the yard," said Hamilton.

Hamilton has already lowered her asking price, from $350,000 to $335,000. But realtors say if the current trends continue, things should start looking up for Hamilton as well.

"And I think we'll see the housing market this year continue to rise. I think the slower sales, in the $300,000 price range and up is going to go up in the number of sales," said Simmons.

Realtors point to other positive signs as well, such as record low mortgage rates, job growth and consumer confidence.

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