Greater Baton Rouge Housing Market: NAR Forecast Buyer\’s Market For Greater Baton Rouge
National Association of Realtors Forecasts Buyer’s Market For The Greater Baton Rouge Area
Source: Baton Rouge Business Report
The National Association of Realtors forecasts a buyer’s market this year in the Baton Rouge area housing market and no recession for the nation. Despite easing off the “Katrina bump” and national sagging consumer confidence, the forecast describes the area market as “solid for Louisiana and very healthy relative to most markets around the country.” According to the NAR, sales and prices will remain robust in the metro area, the Baton Rouge area economy has been performing “respectably,” and the subprime fallout is a national concern. The Greater Baton Rouge Association of Realtors reports the metro area’s median house price is $189,913, compared to $189,457 last year. As of Feb. 27, there were 4,600 houses on the market in the nine-parish metro area compared to 3,778 houses listed at this time last year. – Anne Thibodeaux
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