Baton Rouge real estate survived the hot summer months amidst continuing COVID restrictions extremely well! The graphics below will give you a quick snapshot of the market ... in a nutshell, active listings are down by 996 properties, pendings are up by 1193 transactions (could this correlate??) and the closed transactions are up by 229 properties. For an unprecedented time, we have been fortunate. One of the reasons for this continued activity is interest rates: many clients are purchasing homes at 2.75-2.99% interest ... unprecedented rates and the benefit of our mortgage industry guarantees these rates for 30 years!
If you are considering a move in the next 12 months, do not wait. Should interest rates rise, your affordability will decline. Take advantage of the low inventory and low interest rates, sell your existing home and make your move up today!
Darling 2BR townhome on Lovers Lane in Mid- City Baton Rouge
