The housing market in Baton Rouge continues to see strong price appreciation, with values up 43.2% compared to last year. Home prices have increased 40.7% in the past month alone. At the current pace, all available homes in Baton Rouge would sell out in just 1.2 months, indicating a continued supply shortage. Homes are taking about 63 days to sell, which is 15 days longer than this time last year. A significant 73.2% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 16.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Baton Rouge market with the affordability index at 5.6. Based on current market indicators, home prices in Baton Rouge are projected to decrease by approximately 16.7% over the next month.
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