Good evening, attached is a bar graph and a line graph showing the volume / units of home sales for the Cities of Covington, Abita Springs, and Folsom, on a month to month basis. Beginning in January 2012 and running current though September 2013. As you can see by the graph, the volume of sales for the Covington area has been increasing over previous years. The lines are a little blurry for the years 2010 and 2011, however you can clearly see an increase for 2012 and again currently for 2013. This is welcome news for the local real estate market. Increased sales means reduced inventory which means higher property values. It does not happen overnight, especially with the flood of REO homes on the market, however if the trend continues there will be more appreciation of homeownership.
If you have any questions buying or selling your home in the Covington market, please don't hesitate.
Thank You
Marc Pellettiere marc@mmsre.com
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