Lafayette Monthly Market Update – Single Family Homes

City of Lafayette Single Family Homes (Detached)

Information provided by IRES and Metrolist Information Services.

YTD Comparison:

LAFAYETTE SINGLE FAMILY HOMES 2017 YTD 2018 % Change
Total Units Sold 293 190
Average Sales Price $570,231 $622,822 +9.2%
Median Sales Price $525,000 $582,500 +10.9%
Average Days to Contract 25 19 -24%

 

(Single Family Homes – % Under Contract)

SINGLE FAMILY HOMES Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’
UNDER $750K         55% 65% 61% 68% 81% 52% 61% 56% 36%
$750K +         40% 66% 44% 50% 46% 35% 50% 37% 37%
OVERALL         50% 65% 63% 65% 75% 48% 58% 51% 36%

 

(Single Family Homes – Inventory)

SINGLE FAMILY HOMES Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’
LAFAYETTE 65 69 66 43 26 35 53 51 59 63 62 63 62

 

(Single Family Homes – # Sold)

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

 

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

SINGLE FAMILY HOMES Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’
JLAFAYETTE         1.16 1.78 3.0 2.53 2.47 3.2 2.97 2.68 2.43