Baton Rouge Real Estate News
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Baton Rouge Real Estate News
The Scoop On Baton Rouge Housing by Bill Cobb With Accurate Valuations Group Home Appraisals www.accuratevg.com and Editor of Baton Rouge Housing Reports www.batonrougehousingreports.com . Sign Up For Email Updates Here: http://bit.ly/GRQqsm  .  DROP BILL A NOTE HERE: http://bit.ly/GSvAXd
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Baton Rouge Real Estate Correction Condo Market Severe Price Declines 2011-2012

http://www.batonrougehousingreports.com/ - Baton Rouge Real Estate Correction Condo Market Severe Price Declines 2011-2012. Baton Rouge Condominium Market 20...

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Like Baton Rouge Home Prices, Condo Prices End 2011 On A Weak Note

Like Baton Rouge Home Prices, Condo Prices End 2011 On A Weak Note | Baton Rouge Real Estate News | Scoop.it

December 2011 data for the S&P/Case-Shiller Home Price Indices were released on Tuesday February 28th, revealing monthly declines in condo prices in all...


Source: For Article and Chart is Standard and Poor's Housing Views Blog 

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Tom Horn-Real Estate Appraiser's comment, March 3, 2012 7:01 PM
I think we have a ways to go before prices see a significant increase, however it looks like in a lot of areas sales volume has increased.
Baton Rouge Real Estate News's comment, March 3, 2012 7:16 PM
Hi Tom, I agree! We're seeing increases in the number of pending homes, but not sales YET. In Jan-Feb 2010-2012, we saw 812, 794 and 793 sales. So, sales are about average #. However, we have 1277 or 25% of listing inventory pending right now, which is a great sign. HOWEVER, ask yourself why this is? In my local market, I believe it's because of the correction resulting in lower home prices. In economics, the cheaper the valued widget, the more you sell. Thank you so much for commenting. Bill