March 2011 home sales trends are out for East Baton Rouge Parish and it was an OK month.
There were 289 homes sold in March 2011 as compared with 324 homes sold in March 2010. The average sales price was $209,000 and 181 of the 289 homes sold had a sales price of less than $199,999. There have been 711 homes sold year to date in 2011 versus 739 sold during the same time period in 2010.
There are 2,600 homes for sale in East Baton Rouge Parish which equates to about a 9 month supply. Since a 6 month supply is generally considered a healthy supply of homes, we have some excess inventory that we need to work through.
If you are contemplating buying a home in the Baton Rouge area, it is still a great time. Interest rates are very good and there is plenty of available inventory to choose from.
If you are thinking about selling you home in the Baton Rouge area, then you must make sure that your home is properly positioned in the sales market. Because there is so much competition, you need to make sure you home stands among its peer group and is conditioned for successful selling. I'm happy to share my tips and suggestions for getting your home ready to sell - just give me a call.
If you are looking to purchase or sell a home in Baton Rouge - I'm here to help you through that process. Just give Quinton Renfro a call at 225.287.9448 or send me an e-mail at Quinton@BatonRougeAreaHomes.com and let's get started today!
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