Acadiana’s residential real estate market cooled off in October after a streak of hot months but closed sales still beat out 2019 totals, according to an analysis by Bill Bacque of Market Scope Consulting.
The region had 535 closed home sales in October, narrowly beating the 530 sales in October 2019, according to Bacque’s analysis. Bacque’s report includes year-over-year and year-to-date numbers for Lafayette, St. Landry, St. Martin, Acadia, Iberia, Vermilion and Evangeline parishes.
Sales fell 13.2% from September’s 616, but Bacque said that was to be expected given historic trends in the fall.
“It’s not unusual to see reported sales ebb in the fall months, so having the total Acadiana home sales decline from September to October by 13% (616 versus 535) wasn’t too much of a surprise,” Bacque said.
For Sale sign in yard of home in Lafayette, LA.