Greater Baton Rouge Home Sales November 2017
Here’s a November 2017 short home sales and prices update on the heels of a -20 percent decline in October 2017 home sales. November 2017 were down -15 percent from November 2016 due to the abnormally high sales post flood and a cooling of these investor sales in late 2017.
Partially based on Baton Rouge home prices a mixed bag in November 2017 per BusinessReport based on CoreLogic data and commentary.
“Rising home prices are good news for home sellers, but add to the challenges that home buyers face,” says Frank Nothaft, chief economist for CoreLogic. “Growing numbers of first-time buyers find limited for-sale inventory for lower-priced homes, leading to both higher rates of price growth for ‘starter’ homes and further erosion of affordability.”
Source: Greater Baton Rouge Association of REALTORS MLS from 11/01/2017 to 11/30/2017.
Search parameters East Baton Rouge, West Baton Rouge, Ascension and Livingston Parishes, Detached and Attached Single Family Housing.
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Bill Cobb Greater Baton Rouge Home Appraiser 225-293-1500
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