Baton Rouge Real Estate Market - View Baton Rouge Real Estate Market Trends in Louisiana

Winter 2012 Market Update If you can qualify, now is an exceptional time to buy a home in the Baton Rouge area. With the tax credit, good supply, and low interest rates, this is a great time to move. While interest rates have been rising the past couple of weeks they are still astronomically low if you look at interest rates over the past 40 years. Take advantage of this now to make that move! Contact us at 225-910-6284 to discuss your moving strategy.
Average Home Price	$175,000 - View Graph Trend

Average Price Compared to Last Year	No Change

Average Time on Market	60-90 days

Best Selling Price Range	$200,000 - $249,000

Worst Selling Price Range	$1,000,000+

Prices As % of Asking Price	95-100%

Existing Home Prices for the past 90 days are?	Increasing

Market Trend	Increasing

Buyers’ or Sellers’ Market	Equal buyers and sellers

Buyer Activity for the past 90 days in Baton Rouge is	Increasing

Seller Activity for the past 90 days in Baton Rouge is?	No Change

Multiple Offers?	Yes

Multiple Offers Commentary	Multiple offers are happening on appropriately priced homes. This is not the 'norm' of today's market but we have experienced this on several listings. Almost, equally as nice as multiple offers, we have also seen homes receiving offers acceptable to the sellers (or full price offers) within a week of the home being on the market.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	5-10%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	Financing really has not been a problem in the Baton Rouge area for qualified buyers. With the tightening of the financing market, we have seen the minimum requirements that define a buyer as 'qualified' increase. But financing is certainly readily available.

Housing Inventory	Good supply - Some Prices

Inventory Comments	The Baton Rouge market experienced a spike in 2005 after Hurricane Katrina. That spike in sales prices quickly dissipated, but we were left with several buyers in the market and rode the wave of home sales into 2006. In late 2008, Hurricane Gustav slowed homes sales to a dead stop while many people were fixing their own homes or homes that were on the market and were damaged were repaired. As we entered into 2009, a great deal of pent up demand emerged as people who had put off their move were once again ready. This coupled with low interest rates and the first time home buyer tax credit of $8000 has kept the market in Baton Rouge healthy throughout 2009. It's a great time to move whether buying or selling and there is ample, steady supply in the marketplace today.

Greatest Activity	First Time Buyers

Reason to Buy/Sell	Good economic news

Nearest Metro Area	Baton Rouge

Average Sold Price	$175,000 - View Graph Trend

Baton Rouge Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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