May 2011 Lake Charles Active Homes Listed on average was 464
Average Lake Charles Homes Sold Per Week was 13
The Average Days on Market was 87 days which is higher than the Average for May 2010
The High of Lake Charles Homes Sold averaged $468,750. This number is higher than normal due to a $939,000 Sale that occured the last week in May.
The Average Price Lake Charles Home Sold in May was $155,119
What do these numbers mean for Lake Charles Real Estate?
The May 2011 statistics show that Lake Charles homes are closing with a higher average than a year ago and Lake Charles Real estate shows more market activity. Lake Charles Homes for Sale are sitting a bit longer 87 days on average as compared to 56 days in May of 2010.
When listing a Lake Charles Home for Sale I take these sales numbers, averages and days on market into consideration and advise Lake Charles Home Sellers that it may take 90-120 days before a Lake Charles home sells.
Lake Charles Real Estate remains stable and as we head into the summer months I expect to see the numbers of SOLDS rise when we see the highest amount of market activity.
*The numbers cited in this Lake Charles Market Report are for the Lake Charles Area Only*