Lafayette Monthly Market Update – Single Family Homes

City of Lafayette Single Family Homes (Detached)

Information provided by IRES and Metrolist Information Services.

(Rolling 12-Month Comparison)

LAFAYETTE SINGLE FAMILY HOMES 2017 YTD 2018 % Change
Total Units Sold 293 111
Average Sales Price $570,231 $620,000 +8.7%
Median Sales Price $525,000 $570,000 +8.6%
Average Days to Contract 25 22 -12%

 

(Single Family Homes – % Under Contract)

SINGLE FAMILY HOMES May 17’ Jun 17’ Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’
UNDER $750K               55% 65% 61% 68% 81% 52%
$750K +               40% 66% 44% 50% 46% 35%
OVERALL               50% 65% 63% 65% 75% 48%

 

(Single Family Homes – Inventory)

SINGLE FAMILY HOMES May 17’ Jun 17’ Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’
LAFAYETTE 79 80 73 65 69 66 43 26 35 53 51 59 63

 

(Single Family Homes – # Sold)

SINGLE FAMILY HOMES May 17’ Jun 17’ Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’
LAFAYETTE 31 35 29 24 18 18 28 18 12 12 25 18 33

 

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

SINGLE FAMILY HOMES May 17’ Jun 17’ Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’
LAFAYETTE               1.16 1.78 3.0 2.53 2.47 3.2