Market Myth-Busting: The Untold Truth About Baton Rouge's Booming Real Estate!

Insights and Positives 👍📈

1️⃣ Volume Drop, Not Prices: While the dollar volume of closed sales dropped by approx. 26% in the last year, the average sales price only dipped by about 1.7%. This shows that property values are holding strong! 💪🏠

2️⃣ Homes Are Selling: In the most recent data, 3,410 homes were actually sold. That's a lot of activity! 🏡🔑

3️⃣ Smart Choices: With so many homes selling and prices staying relatively stable, it's clear that many are making smart buying and selling decisions right now. 🧠💡

Deeper Dive into Closed Sales 🏠📊

1️⃣ Recent Activity: In 2023, the average number of homes sold per month is around 3,709. While this is a dip compared to the previous year, it's in line with the numbers from a few years back.

2️⃣ Year-on-Year Comparison:

• 2018: ~4,015 homes/month 📈
• 2019: ~3,889 homes/month 📉
• 2020: ~4,109 homes/month 📈
• 2021: ~5,095 homes/month 🚀
• 2022: ~4,858 homes/month 📉
• 2023: ~3,709 homes/month 📉

3️⃣ Context Matters: The number of homes sold saw a spike in 2021, likely due to pent-up demand and market dynamics. The current numbers are more in line with what we saw in 2018 and 2019. 👀

4️⃣ Consistent Movement: Despite the ups and downs, the market has consistently seen thousands of homes sold every month, every year. 🔄🏡

5️⃣ The Sky Isn't Falling: While there’s a dip this year, it's not a drastic drop if you look at the bigger picture. 🌈

🍂 Ready to make a move this fall? Don't let the leaves be the only thing changing! List your home with us and turn a new leaf in your life! 🏡🔑