In February we wondered what March would bring. We guessed it...there was a little leveling in the market. February was HOT y'all! In March we saw a steep decline in sales volume. We believe this is short-lived and may have been caused by a shock to buyers over rising interest rates. They may have held off thinking the rates would go back down. Unfortunately, that is not what we have seen. Rates are still climbing. Median price went down a little as well.
Don't freak out yet. We think this was just a blip recorrecting the big jump in February. Spring selling season has sprung and we are super busy!
East Baton Rouge Parish
East Baton Rouge Parish saw another increase in sales units again in March while their median sales price…