Jefferson Parish is a large Parish that is a suburb of New Orleans. Jefferson Parish includes the communities of Metairie, Kenner and several communities on the West Bank..It is a large and diverse area. The charts above are for single family homes.
The available inventory has decreased from 1853 in December, 2011 to 1473 in December, 2012 which is a 20.5% decrease. The light green bars on the graph above shows the number of homes available for sale and the dark green bar show the number that sold.
The number of homes that sold in December, 2011 was 207 vs December, 2012 where 245 sold for an increase of 18.4%. The number of pended (ready to sell) homes in December, 2011 was 179 versus in December, 2012 which was 222 for an increase of 24%.
The number of months to sell in December, 2011 was 9 and in December, 2012 it was 6.
Jefferson Parish is experiencing a shortage of inventory with available property selling in a shorter amount of time. With just six months of inventory this area has moved to being a seller’s market.
* All reports are published January 2013, based on data available at the end of December 2012. All reports presented are based on data supplied by the New Orleans Metropolitan Association of Realtors or their MLS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.