LAFAYETTE, La. (KLFY)- Lafayette’s real estate industry has seen its shared of up and downs in the last few years. News 10 spoke with experts in the industry to get the their take on what’s in store for the local market.

“It’s a very interesting market right now in real estate,” said Nick Hundley, with EXP Realty Louisiana. “Two things are happening right now. It’s about our supply and demand.”

And right now, supply and demand are both high, says Hundley. “Those two things are creating a very healthy and balanced market right now.”

Today’s market buyers are very savvy because they can shop homes online. Often, they come to realtors already knowing details like what school district they want to live in, the area of town and even the specific subdivision, said Hundley.

“So we have a good leg up on what they want,” the realtor said. “So we can zero in on the specific things they want, like a specific number of bedrooms and bathrooms, size of the yard and the convenience to school and work.”

2015 was the benchmark for selling houses in Lafayette Parish. Hundley said the market saw a downward trend in 2016 and 2017. June and July this year saw an uptick of total volume sales, he said

South Lafayette remains one of the hot spots in the area that is selling right now.

“People are seeing right now what the Lafayette culture has to offer,” said Robert Romero, with NOLA Lending Group.  “That is attractive to people. That is why real estate values have held in Lafayette for so long.”