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Pendings and Foreclosures | The Lafayette Market Update (May 17, 2022)

Pendings sales have slowed to almost the same level as in 2021. Is the market finally cooling off?

Could the low pendings just be a result of the low inventory and supply?

As always, we like to keep an eye on what is happening with foreclosures. The 1st quarter of 2022 reported a total of 8 foreclosure sales in the MLS. This is not surprising since home prices have increased 10% over the last 15 months. As home values go up, Foreclosures go down. If you are a homeowner, investor, or interested in buying a home in Lafayette, find out how our sales, supply, pendings, and Interest rates are holding up thus far. Keaty has all of the data that you need!

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