Home sales, prices climb in Lafayette
LAFAYETTE, La. - Home sales in March set a record for the month, and sales for the first quarter of the year are running more than 30 percent higher than the same period a year ago, according to data gathered by local real estate firms.
The Advocate reports that home prices also are rising, with the media sale price climbing from $164,600 in the first quarter of 2012 to $173,950 in the first three months of 2013.
That's an increase of 5.7 percent, according to a market analysis by Van Eaton & Romero Chief Executive Officer Bill Bacqué.
Bacqué said it appears likely the upward trend will continue at least the next couple of months, based on the number of pending home sales.
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