Baton Rouge and Nationwide Inventory Challenges
- After a surge in March, existing home sales and new home sales slowed due to a drop in inventory available for sale in the start-up and trade-up categories. Baton Rouge has once again seen inventory levels decline.
- The National median existing home prices surged for the 62nd straight month, up 6.0% over last year to $244,800. This average is above the Baton Rouge median price of $180,000.
- New home prices slowed as builders have started to turn their focus toward single family, smaller homes.
Contact Glenda Daughety today to learn more about real estate in Baton Rouge LA. We welcome the opportunity to update you on current market conditions while recommending lenders at the same time. Let our knowledge and experience serve as your guide to Baton Rouge real estate.