A year after dropping off, Acadiana real estate market gets even hotter
A year after the bottom fell out of Acadiana’s residential real estate market due to COVID-19, the region’s market continues its hot streak by nearly doubling sales totals from April 2020.
In April 2021, the region recorded 696 closed sales, according to an analysis by Bill Bacque of Market Scope Consulting. Bacque’s report includes year-over-year and year-to-date numbers for Lafayette, St. Landry, St. Martin, Acadia, Iberia, Vermilion and Evangeline parishes.
“Overall, considering where we were at this time last year, we should all take a deep breath and enjoy the moment,” Bacque said.
The number of closed sales jumped 5.8% from March — a stark contrast from 2020. In April 2020, sales fell more than 28% from March as the state began to feel the full effects of the COVID-19 lockdown.