Real Estate Market

Baton Rouge Real Estate Market Trends

U.S. Market Data Overview

Note: Jan. 2018 data shown below is the most recent published by National Association of Realtors.

Sales of existing homes in January dipped for the second straight month, and saw their most significant decline on an annual basis in more than three years. Data from the National Association of Realtors® (NAR) indicates that all major regions saw monthly and annual sales declines last month.

Total existing-home sales (completed transactions for single-family homes, townhomes, condominiums and co-ops), fell 3.2% in January to 5.38 million from 5.56 million in December 2017. Sales are 4.8% lower than a year ago (largest annual decline since August 2014 at 5.5%) and sit at their slowest pace since last September (5.37 million).

NAR's chief economist, Lawrence Yun, said that January’s downturn in closings underscores the housing market’s major inventory shortage. “The utter lack of sufficient housing supply and its influence on higher home prices muted overall sales activity in much of the U.S. last month,” Yun said. “While the good news is that Realtors® in most areas are saying buyer traffic is even stronger than the beginning of last year, sales failed to follow course and far lagged last January’s pace. It’s very clear that too many markets right now are becoming less affordable and desperately need more new listings to calm the speedy price growth.”

January's U.S. median existing-home price (all housing types) was $240,500, up 5.8% from January 2017 ($227,300). January’s price increase represents the 71st straight month of year-over-year gains.

American total housing inventory at the end of January grew 4.1% to 1.52 million existing homes available for sale, but is still 9.5% below a year ago (1.68 million) and has fallen year-over-year for 32 straight months. Unsold inventory sits at a 3.4-month supply at the current sales pace.

First-time buyers drive 29% of sales in January, which is down from 32% in December 2017 and 33% one year ago. The annual share of first-time buyers was 34%.

Freddie Mac data shows the average commitment rate for a 30-year, conventional, fixed-rate mortgage got a boost for the fourth consecutive month to 4.03% in January from 3.95% in December. The average commitment rate for all of 2017 was 3.99%.

All-cash sales were 22% of transactions in January, which is up from 20% in December 2017 but down from 23% a year ago.


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Your credit score is a composite snapshot of your credit history. A high credit score takes time to cultivate, and is not likely to rise much in a short period of time. Generally speaking, you want to make sure you pay your bills on time, keep outstanding debt levels to a reasonable amount for each account, and avoid closing accounts you've successfully paid-off and managed. Don't lose hope if you have less than perfect credit, there are still good loan programs out there for responsible borrowers. We have a list of preferred local lenders who can help you find the best financing programs for your specific needs.

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Celebrate Spring in Baton Rouge Parks

Bluebonnet Swamp Nature Center in Baton Rouge LASpring is almost here in Baton Rouge, so it's time to start having some fun in the beautiful parks here. People who live in Baton Rouge know this city is brimming with outdoor fun and excitement. You find everything from nature parks, gardens, paths, and a zoo, and many other ways to enjoy nature's wonders.  Here's a few of the best parks and natural attractions in Baton Rouge to get you started.

Baton Rouge Zoo

Sure, the zoo may seem like an obvious place to go to enjoy nature, but the Baton Rouge Zoo is an exceptional example of natural exhibits.  Since 1970, the Baton Rouge Zoo has been a place where residents and visitors have connected with animals and nature. And of course it's the ideal place to take the whole family.

Bluebonnet Swamp Nature Center

This 103-acre center focuses on conservation, education, and tourism. You can visit the 9500 sq ft building filled with live animals, photographic exhibits, natural artifact and mineral displays, and more. Then you can explore over a mile of gravel paths weaving through various habitats such as the cypress-tupelo swamp, beech-magnolia and hardwood forests.  It's an ideal place for birders and for spotting various creatures in their natural habitats.

University Lake

Located on W Lakeshore Drive, University Lake is a favorite among Baton Rouge residents. A scenic accent to the campus, this lake is a peaceful place to walk, jog, or drive around and enjoy the view.

LSU Center Botanic Gardens

The Mission of the Botanic Gardens is to "promote the importance of plants and their environment to the physical, mental and spiritual well being of the citizens of Baton Rouge, the state of Louisiana and the world." And you can certainly see how they accomplish this when you visit their 440 acres of flora and fauna in the heart of Baton Rouge. Visiting the park also helps support their important research related to agronomy and other related studies. It's also the perfect place for amateur photographers.

Baton Rouge is the perfect place to buy a home for anyone who enjoys the wonders of nature.  Check back on our blog every week for more great reasons to live and play in Baton Rouge.

Contact Information

Photo of Glenda Daughety Real Estate
Glenda Daughety
RE/MAX First
4750 Sherwood Common Blvd
Baton Rouge LA 70816
Fax: 225-612-6422


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Glenda Daughety & Team
RE/MAX First
Office: 225-291-1234
Cell: 225-205-2672
4750 Sherwood Common Blvd
Baton Rouge, LA 70816
Each Office Independently Owned and Operated
Licensed Realtor in the State of Louisiana by the Louisiana Real Estate Commission

Glenda Daughety Michelle Copeland Ashley Daughety
Team Leader Buyer Specialist Buyer Specialist
Stager Decorator






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