Fall weather and football season is here, and the holidays are right around the corner. What a great time of year and great time to be a resident of south Louisiana! Coldwell Banker ONE Realtors are asked all of the time how our real estate market is doing in the Baton Rouge area. The answer: It’s on target to equal or exceed what we did in 2018. The numbers below from data pulled from the Greater Baton Rouge area according to the GBRAR MLS records certainly indicate that to be true. The data below is a summary of sold residential properties for the first 3 quarters of 2019 (January-September), compared to the same time period in 2018.
|Total Unit Sales||8400||8399||———-|
|Total Dollar Sales||$1,895.1 Million||$1,970.8 Million||Up 4.0%|
|Average Sale Price||$ 224,786||$ 233,511||Up 3.9%|
|Medium Sale Price||$ 199,900||$ 207,375||Up 3.7%|
|Average Days on the Market||61 days||70 days||Up 9 days|
|% Sale Price/List Price||97.1%||97.2%||———-|
|# Active Listings (Sept)||5433||5707||Up 5.0%|
|Monthly Supply of Inventory||6.13 Months||6.44 Months|
The report was pulled on October 9, 2019. This data may vary some as additional sold properties are added.
As reflected in the above numbers, average sale price and medium sale price showed a modest increase of just under 4%. Unit sales remained stable and total dollar volume also increased around 4%. The average days on the market increased by 9 days, to 70 days. We have seen this upward trend in days on the market recently as inventory of active listings has been increasing. Interest rates have remained low and very affordable through the year. Overall, we still have a healthy real estate market in Baton Rouge and the surrounding areas.
Interest rates remain low, and it is anticipated that we will see a good real estate market through the remainder of the year. If you are looking to buy or sell real estate – now is a great time!
We are more than just your Realtors;
We are your neighbors!
Coldwell Banker ONE Realtors are your local real estate experts. We service the entire greater Baton Rouge and surrounding areas, including Ascension Parish, Livingston Parish, East Feliciana Parish, West Feliciana Parish, East Baton Rouge Parish, and West Baton Rouge Parish, Iberville Parish, Point Coupee Parish, and St. Helena Parish.
Do you own a home in the greater Baton Rouge or surrounding areas? Are you looking to buy a home here? Do you just want to know more information about our local real estate market? Coldwell Banker ONE Realtors have got you covered!
5025 Bluebonnet Blvd, Baton Rouge, LA 70809
16573 Airline Highway, Prairieville, LA 70769