Good afternoon, please find attached a bar graph and also a line graph representing the number of home sales for the Cities of Slidell, Pearl River, and Lacombe, on a month to month basis. Starting in January of 2012 and running consecutively though September 2013. As you can see by the graph, the volume of sales for Eastern St Tammany Parish has been fluctuating over previous years, though there are some signs of consistent annual improvement. The first quarter of each year for the last 3 years, the numbers have improved in each month. As well, except for a hiccup in August 2012, the 3 month period of July through September has also shown a similar 3 year trend upwards. To place it into a different perspective, it looks like, for a major part, the market has been slowly bouncing back over the last several years, however there has been some inconsistency as the market shows some signs it is still struggling. In my opinion, the most likely culprit has been the record number of bank owned homes for sale; which has been smothering the average resale market, especially for homes between 100 and 200K. Hopefully there will be better news in the future. Regardless we will continue to keep an eye on the numbers for you knowledge. Please contact us with any questions, we service all of St Tammany Parish.
Thank You
Marc Pellettiere marc@mmsre.com
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