Positive Signs in Baton Rouge Real Estate
Baton Rouge real estate sales were down by an average of 20% in March but, despite the prevailing economic gloom and doom, there is plenty of good news in the Baton Rouge real estate market. According to a recent article by Chris Gatreau in the Advocate, “sales prices held steady at about 97 percent of list prices, another healthy sign. And the average number of days on the market fell to 98 from 111 in February.” The housing inventory in Baton Rouge is at a good level as are mortgage rates. Gatreau went on to say “the median home price was up slightly from February and the best showing Since October.” So, even though the number of home sales are down, real estate in Baton Rouge is on solid ground, with home values holding steady and inventory at stable levels.
For a complimentary search of all available real estate in Baton Rouge go to www.glendadaughety.com for access to the Baton Rouge MLS. Call Glenda Daughety today, (225) 205-2672, for the best in Baton Rouge Real Estate knowledge and service!
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April 21st, 2009 at 8:30 am
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