In July of 2019 Ascension Parish saw an average sales price of $254,213. This is an increase of 6.6% over July of 2018. Sellers saw their listings stay on the market only 9 days longer than last year and they did not have to negotiate as much, walking away with 99.24% of their asking price.
East Baton Rouge Parish Market Stats
In July of 2019, Baton Rouge Real Estate saw an average sales price of $248,166. This is a decrease of 3.0% from July of 2018. Remember, we had an increase of a little over 13% last month so the market is just leveling itself out. I have always said, the market is smarter than us! Sellers were able to walk away with 96.11% of their sales price which is 1% more than last year.
The Wrap Up
While homes are still selling at a healthy pace, we are seeing some homes sit on the market longer than we have in recent years. We also are seeing some homes get multiple offers in a matter of hours or just a few days. There is no rhyme or reason to this market right now. Our advice to you as a seller is to enter the market with your best foot forward. Go out on that stage and own it with a pristine home staged to sell! As a buyer, when you see the one you want, make that offer because if it’s fabulous, chances are, someone else will be making an offer as well. You may be able to negotiate a little more closing costs or maybe the refrigerator but don’t go in with expectations of large discounts off the price.
Ascension and Baton Rouge have a three and four-month supply of homes respectively. We aren’t considered a true buyer’s market until there is at least a six month supply.
Missed the market report for June? Check it out here