The median sales price for a single-family home in Ouachita Parish during January was $187,500. That’s a decrease of 6.2% compared with January 2021, according to a USA TODAY Network localized analysis generated with data from Realtor.com.
On a year-over-year basis, single-family home prices just began falling. January prices are down from $195,999 the previous month.
The number of houses sold fell by 18.6% from a year earlier. A total of 92 houses were sold parishwide during the month of January. During the same period a year earlier, 113 single-family homes were sold.
Real estate sales can take weeks or months to be recorded and collected. This is the latest data made available through Realtor.com to the USA TODAY Network.
How hot is Ouachita Parish’s real estate market in Louisiana?
Information on your local housing markets is available through the USA TODAY Network, with more data from Realtor.com.
In Ouachita Parish the top 10% of the properties sold had prices of at least $350,000, up 7.7% from a year before.
In January, no properties sold for $1 million or more.
The median home sale price — the midway point of all the houses or units sold over a period of time — is used in this report instead of the average home sale price because experts say the median offers a more accurate view of what’s happening in a market. In finding the average price, all prices of homes sold are added and then divided by the number of homes sold. This measure can be skewed by one low or high price.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Localized versions are generated for communities where the data quality and transaction volume meets Realtor.com and USA TODAY Network standards. The story was written by Sean Lahman.
This article originally appeared on Monroe News-Star: Ouachita Parish’s average home sold for a lower price year over year