Over the last 30 days, the Lafayette market was steady and saw 10 homes sold. However, the number of pending transactions continued to decline, with a total of five transactions during the same period. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. Prices are rising in Lafayette, and the median sales price this period increased from $953,750 to $1,012,500. In spite of contracts trending lower, there are only two months of inventory available, which signals that Lafayette is a still definite seller's market.
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