Home sales in Lafayette Parish are down this year

Posted at 7:32 PM, Aug 28, 2019
and last updated 2019-08-28 20:32:26-04

LAFAYETTE — Home sales in Lafayette Parish have seen a decline this year while sales across Acadiana are up.

"We are under contract for another house, so ideally, we'd sell it before we move, and that's in, I think, about five weeks," said Ry Thistlethwaite.

Thistlethwaite says their home in Lafayette has been on the market for a little over two months.

"Realistically, I thought maybe it would sell a little bit quicker than it did, I guess just because the area normally does," said Morgan Thistlethwaite.

"I wouldn't say, at this point in time, it's not something to be overly alarmed about, but we are trending about four percent down one of the best years in real estate in Lafayette Parish," said Troy Hebert, President of Van Eaton & Romero.

According to President of Market Scope Consulting Bill Bacqué, close to two thousand homes in Lafayette Parish have sold so far this year. That's down about 100 homes compared to last year.

Looking at numbers for all of Acadiana, sales are up.

Experts say the gap in Lafayette Parish is because of a 40% decline in new construction sales.

"That's just a condition of the marketplace, and it's been that way for at least a good three, four years," said Hebert. "We started seeing that not long after things started to slow down in oil and gas in Acadiana."

The Thistlethwaites remain positive their home will sell soon.