The analysis put on on 7/23/2020 shows that the Baton Rouge housing market has been greatly impacted by the effects of covid-19. With the economy opening back slowly an increase in activity was expected and greatly demonstrated with the given statistics. The median sale price continues to increase now standing at just above $214,000.00 and many believe this number will continue to grow. With a substantially lower inventory than usual coupled with high buyer demand for homes, we strongly believe both the average and median sale prices will greatly increase over the remainder of 2020. The historically low-interest rates alongside another rate decrease have only fueled the buyer demands in our local Baton Rouge market.
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