What does Declining Baton Rouge Housing Market look like? This chart shows the obvious!
Baton Rouge Area 43 Existing Homes Under $150,000 Decline In Sales Prices
MLS Area 43, 3 bedroom homes from 1150sf up to 1550sf from 02/2009 to Present, Ages 16-20 yrs +
AND, the REO or Foreclosure rate on this chart is only 3% of sales. So, it’s not foreclosures driving prices down, but rather the market itself (buyers and selling lowering prices after extended time periods on the market), plus minimum foreclosure activity (again, only 3%).
Click the charts below to ENLARGE!
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of February 1, 2009 to March 2, 2012. This information was extracted on 03/02/2012.
Presented by Bill Cobb, Appraiser, Baton Rouge’s Housing Reporter