Neighborhoods and Activities in Baton Rouge

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East Baton Rouge Residential Market 2010

The market has clearly slowed in the last 3 years.  That doesn't come as a surprise to anyone.  

EAST BATON ROUGE PARISH RESIDENTIAL HOMES

 

Year                2008                2009                2010

 

Sold *              3982                3427                3160

*Jan-Sept. each year

 East Baton Rouge Residential Sales Comparison 3Q 2010

While the number of homes sold from January thru September has decreased, the average and median prices have held very firm, good news indeed.

There has been a noticeable spike in available inventory in the last 2 months, so it remains to be seen what, if any, impact that will have on sales prices and days on market going forward.  As of the end of August, there were approximately 2,700 homes available in the parish - representing a 9 month supply.  This is up from about a 6 month supply in May.

What this means for sellers is that they must exercise patience and select a Realtor with a marketing plan that assures their listings are getting exposure (seen by potential buyers).

The steady values combined with the lowest interest rates in years and good inventory to choose from makes it an excellent time to buy a home right now!

 

FIND YOUR DREAM HOME HERE

 

 

Comment balloon 0 commentsAnn Dail • September 23 2010 07:05PM
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