Baton Rouge Homes Sales and Prices Improve Dramatically In September 2012

baton rouge real estate-bigstock-Increasing-Real-Estate-Market-1692403East Baton Rouge Homes Sales and Prices Improve Dramatically In September 2012


Wow! What a difference a year make in Baton Rouge
Real Estate! When comparing ALL East Baton Rouge home sales, except mobile or
manufactured housing, from September 2011 versus September 2012, the median sold
price is up 5% from $170,000 to $178,000.  The months supply of inventory
is down 28% from 9.3 to just 6.7 months of inventory. Number of sold properties
is up 11% from 305 to 339 units. Number of homes under contract increased 26%
from 289 to 363 units.  And, the average days on the market declined 13%
from 102 to 89 days.  Charts below are Courtesy of Baton Rouge’s Home Appraiser Bill Cobb Appraiser and Baton Rouge Housing Reports


 


Median Sold Price by Month
Sep-11 vs. Sep-12: The median sold price is up 5%


1 Median Sold Price by Month East Baton Rouge Housing Market 09 2011 vs 09 2012


 


Months Supply of Inventory
Sep-11 vs. Sep-12: The average months supply of inventory is down -28.1%


2 Months Supply of Inventory East Baton Rouge Housing Market 09 2011 vs 09 2012


 


Sold Properties by Month
Sep-11 vs. Sep-12: The number of sold properties is up 11%


3 Sold Properties by Month East Baton Rouge Housing Market 09 2011 vs 09 2012


 


Under Contract Properties by Month
Sep-11 vs. Sep-12: The number of under contract properties is up 26%


4 Under Contract Properties by Month East Baton Rouge Housing Market 09 2011 vs 09 2012


 


Average Days on Market by Month
Sep-11 vs. Sep-12: The average days on market is down 13%


5 Average Days on Market by Month East Baton Rouge Housing Market 09 2011 vs 09 2012


 


Supply & Demand by Month
Sep-11 vs. Sep-12: The number of for sale properties is down 8% and the number of sold properties is up 11%


6 Supply & Demand by Month East Baton Rouge Housing Market 09 2011 vs 09 2012


 


Expired Properties by Month
Sep-11 vs. Sep-12: The number of expired properties is down 23%


7 Expired Properties by Month East Baton Rouge Housing Market 09 2011 vs 09 2012


 


For Sale Properties by Month
Sep-11 vs. Sep-12: The number of for sale properties is down 8%


8 For Sale Properties by Month East Baton Rouge Housing Market 09 2011 vs 09 2012


 


New Properties by Month
Sep-11 vs. Sep-12: The number of new properties is down 12%


9 New Properties by Month East Baton Rouge Housing Market 09 2011 vs 09 2012


 


Median For Sale vs. Median Sold
Sep-11 vs. Sep-12: The median price of for sale properties has not changed and the median price of sold properties is up 5%


10 Median For Sale vs


 


 


East Baton Rouge Real Estate Housing Market Comparison 09 2011 vs 09 2012


 


East Baton Rouge Real Estate Housing Market Comparison 09 2011 vs 09 2012


GBRAR MLS NOTE: Based on info from the Greater Baton Rouge Association of REALTORS┬«\MLS for the period of 09/16/2011 to 09/16/2012. This information was extracted on 09/17/2012.  Includes ALL housing types except mobile and manufactured housing.


 


Baton Rouge Pre-Listing Appraisals