Lafayette Monthly Market Update – Single Family Homes

City of Lafayette Single Family Homes (Detached)

Information provided by IRES and Metrolist Information Services.

YTD Comparison:

LAFAYETTE SINGLE FAMILY HOMES 2017 YTD 2018 % Change
Total Units Sold 293 250
Average Sales Price $570,231 $617,900 +8.3%
Median Sales Price $525,000 $587,500 +12%
Average Days to Contract 25 21 -16%

 

(Single Family Homes – % Under Contract)

SINGLE FAMILY HOMES Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

UNDER $750K   55% 65% 61% 68% 81% 52% 61% 56% 36% 45% 34% 60%
$750K +   40% 66% 44% 50% 46% 35% 50% 37% 37% 38% 32% 13%
OVERALL   50% 65% 63% 65% 75% 48% 58% 51% 36% 43% 33% 45%

 

(Single Family Homes – Inventory)

SINGLE FAMILY HOMES Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

  43 26 35 53 51 59 63 62 63 62 83 69 49

 

(Single Family Homes – # Sold)

SINGLE FAMILY HOMES Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

  28 18 12 12 25 18 33 25 28 24 16 27 17

 

(Single Family Homes – Absorption Rate in Months) Based off 6-month sales average

SINGLE FAMILY HOMES Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

    1.16 1.78 3.0 2.53 2.47 3.2 2.97 2.68 2.43 3.45 2.7 2.15