The Greater Baton Rouge real estate market is ranked #9 in the country in expected price appreciation as of June.(Source: Money Magazine 6/15/08). Prices in the region are still rising at an average rate of 3% over last year. These statistics show real estate is still a strong investment, especially in our market.
Unfortunately for current sellers, homes are taking slightly longer to sell than in previous years. The average inventory has increased by 26% up to a current 5,895 homes for sale in the Greater Baton Rouge area. Of course, this is all good news for buyers and reason not to delay making a purchase. There is plenty of inventory to choose from and a good chance your investment will appreciate for the next several years.
As you may notice below many of our markets are still at an average sale price below the national median of $208,600. This leaves us room for the predicted future growth and still in a good position.
| Area | Avg Sale Price | Avg DOM* | Current Inventory |
| Greater Baton Rouge | $203,467 / +3% | 91 / +30% | 5,895 / +26% |
| East Baton Rouge Parish | $210,437 / +6% | 84 / +25% | 3301 / +27% |
| Ascension Parish | $220,462 / -.01% | 97 / +20% | 1,055 / +30% |
| Livingston Parish | $171,400 / +4% | 100 / +56% | 977 / +24% |
| West Baton Rouge Parish | $185,198 / +3% | 113 / +28% | 98 / +34% |
*DOM = Days On The Market
† = All percentages are cummulative data up to July 10th as compared to 2007 data.
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