Top Large Teams in Louisiana – Ranked by Volume

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    • Rank – State VolumeTeam NameCompanyLocationVolumeProfile
    1Team SmithThe Market Real Estate CoBaton Rouge, LA$85,438,698View Profile
    2The Tammi Montgomery TeamRE/MAX Real Estate ServicesBossier City, LA$72,449,486View Profile
    3Team LytleBerkshire Hathaway HomeServices Ally Real EstateBossier City, LA$54,530,881View Profile
    4Shane Wooten LLCKeller WilliamsMonroe, LA$41,773,398View Profile
    5The Cj GroupeXp RealtyLafayette, LA$38,434,480View Profile
    6Lana Soileau & AssociatesReal BrokerageLafayette, LA$26,132,679View Profile

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    2023 Louisiana Housing Market Summary

    Louisiana started 2023 with a total of 9,355 single-family homes on the market, with a median home price of $280,000 and an average price per square foot of $159. By the end of the year, inventory had increased to 12,007 homes on the market (+28%), with a median home price of $275,000 (-1%) and an average price per square foot of $157 (-1%).

    At the start of 2023, the median days on market (DOM) was 84 days – by the end of the year, median DOM had increased to 98 days.

    Louisiana started the year with 35% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 34% of Louisiana homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that Louisiana started 2023 as a seller’s market, with an MAI score of 35; by the end of the year, the MAI had dropped to 26 – a buyer’s advantage.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Housing Market News

    AdobeStock_250556333

    Lower mortgage rates attracting more homebuyers 

    Sep 16, 2024By

    An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

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