By ADAM DAIGLE | Acadiana Business Editor Good Monday morning, Acadiana. Let's get down to business to start off this short week. While many markets around the country have gotten headlines for falling prices and swelling inventory, the Lafayette market is slower to reach that point. The average sale price of a home in the past two months in Lafayette Parish topped $300,000, and numbers for August when they come out this week may be more of the same. That's mostly due to the lack of inventory coupled with a demand that remains significant. Both average and median sale prices have risen a sobering 13% over the last 12 months, and that coupled with higher interest rates on a mortgage have priced many out of the homebuying market. Said real estate analyst Bill Bacque: “That (increase) has been unbelievable and unsustainable." You can read the story here. Have a great day and see you back here Wednesday morning. |