3rd Quarter Market Report for Tangipahoa Parish

Tangipahoa Parish has experienced a good market since 2014 and appears to be peaking at this time. While days on market continue to average less than 60 days overall for the parish list prices appear to be reducing and Median Sale prices have also been reducing since July 2018; however, September had a nice bounce back with a Median Sales price of $188,000.

The number of Active Listings is on the rise with a high as of 10/16/2018 of 656 properties. While the number of sales peaked in July at 163 residential sales those numbers have been declining since then with 111 sales in September.

As you can see in the charts below Tangipahoa Parish has experienced more sales each year starting in 2013 with a high of 1,382 sales in 2017 as of October 16, 2018, the parish has had 1,136 sales at that pace the parish should exceed the number of sales in 2017.

So as the market enters it’s typically slower season the market appears to be healthy and ready for more growth.

Recall, this is an overview of Tangipahoa Parish as a whole of all residential sales being reported in the Gulf South Real Estate Network Multiple Listing Service. This does not include for sale by owner properties.

 

Do you have questions that we can assist you? Let us know your thoughts by posting below.

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