Better Real Estate News

Local Realtors are questioning the data reported on Sunday that average home prices in Lafayette have fallen almost 7% in a year. Bill Bacque, CEO of Van Eaton Romero said that the local data looks very different from the national study relased. He said locally they look at the MLS and divide the total sales by the number of homes sold to get an average price and have calculated it this way for years. According to Bacque, by local calculations, Lafayette's home prices have actually risen by about 5%. Mike Hasten from the Daily Advertiser follows up his story with this report.