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Northeastern Louisiana housing market sees progress

Not all housing markets in America are in the negative, as the northeastern Louisiana housing market is seeing progress.

Not all housing markets in America are in the negative, as the northeastern Louisiana housing market is seeing progress.

Many regions of the U.S. have seen their housing markets continue to struggle, but the Northeast Louisiana Association of Realtors released 2010 statistics showing slight increases in the Ouachita Parish market home values and the amount of homes sold through mid-October compared to the same time in 2009, according to the Monroe News Star.

The recent gains are indicative of an ongoing trend, as the local area managed to avoid most of the difficulties of many other cities. According to Housing Predictor, Ouachita Parish’s housing market was ranked in the top 10 buyers’ markets in nation, says the paper.

"Our home values have risen each year except 2008, and even then there was only a slight decline," Darryl Beasley, chief executive of Coldwell Banker Group One Realty, told the paper.

Even when the market was at its worst last year, the paper noted that the average number of days it took a home to be sold in the housing market decreased from 126 days in 2008 to 125 in 2009.

Those considering taking advantage of the Ouachita Parish housing market and possibly moving into the community should know that the median home price listing for the county was $149,900 in October, according to Zillow.