Marrero, LA Absorption Report: March, 2008

With the spring selling season upon us, let’s take a look at the real estate trends in Marrero, LA for the last 90 days:

• Approximately 10% of the listings are selling each month
• The 10.4 month supply of homes for sale is well above the 5-6 month average in a balanced market, moving Marrero into a buyer’s market for homes priced over $140,000
• Sellers should be aware of the competition in the market for homes in the same price range as theirs – make sure that yours is the best value and in the best condition!  If you need advice on preparing your home for sale, just give me a call.
• Buyers have a great opportunity to negotiate a fair price in the neighborhood of their choosing with so many options available.  Be sure to be prepared with your preapproval letter from your lender before beginning your home search!

 

This report is an overview of the entire 70072 zip code.  If you would like a report on your neighborhood or subdivision, please feel free to contact me at lisa@lisaheindelsells.com.  I’d be happy to post specific neighborhood information for you and your neighbors to share.

When buying or selling a home on the West Bank of New Orleans or relocating to the New Orleans West Bank, you deserve local expertise and advice. Lisa Heindel provides full time, professional real estate services to buyers, sellers and military transferees in Algiers, Algiers Point, Belle Chasse, Gretna, Terrytown, Harvey, Marrero, Westwego and more.

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Copyright 2008. Lisa Heindel, All rights reserved.