Ep. 22 – April 2025 Market Update: Terrebonne Parish
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Show Notes
Ep. 22 – April 2025 Market Update: Terrebonne Parish
Summary
In this episode, Clint C. Galliano and Ben Harang provide a comprehensive update on the real estate market in Terrebonne Parish. They discuss current market trends, inventory levels, property values, and the dynamics of new and pending listings. The conversation highlights the differences between median and average property values, the health of the market, and the implications for buyers and sellers. Overall, the hosts emphasize that despite challenges, it remains a favorable time for real estate transactions in the area.
Takeaways
· Terrebonne Parish is currently in a buyer's market with 8.33 months of inventory.
· Median days for properties to sell in Terrebonne is 92 days, longer than Lafourche.
· The median sold price in Terrebonne is $195,000, showing a 5.4% increase from March.
· New listings in April totaled 127, indicating a larger market size compared to Lafourche.
· The total volume sold in April was $18,084,410, up 70.5% month over month.
· Median list price for new listings was $215,000, reflecting a slight increase.
· Pending listings show a healthy market with 91 properties under contract in April.
· The market is experiencing a seasonal rise in listings as summer approaches.
· Understanding the difference between median and average values is crucial for accurate market analysis.
· Overall, the hosts agree that it's a good time to buy and sell in Terrebonne.
Sound Bites
"Median days in RPR is 92."
"New listings in April: 127."
"Now's the time to buy."
Chapters
00:00 Introduction to Terrebonne Parish Real Estate Market
01:32 Current Market Trends and Inventory Analysis
04:12 Understanding Property Values and Sales Dynamics
07:06 New Listings and Market Activity
10:15 Pending Listings and Market Health
14:29 Sales Performance and Closing Trends
17:17 Conclusion and Market Outlook
19:37 Disclaimer
Hosts
Ben Harang, REALTOR® La.
License #: 36589
Keller Williams Realty Bayou Partners
Mobile: 985.859.2500
Office: 985.262.4400
benharang.com
Clint C. Galliano, REALTOR®
La. License #: 995704723
Keller Williams Realty Bayou Partners
Mobile: 985.647.4479
Office: 985.262.4400
clintcgallianorealtor.com
Produced by Clint Galliano
Music by Wiggins Studios
Keywords
Terrebonne Parish, real estate market, property values, inventory analysis, market trends, home sales, buyer's market, pending listings, market health, real estate podcast
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