The Greater Baton Rouge Real Estate Market, which includes East Baton Rouge, Livingston, Ascension, Iberville, the Felicians, and West Baton Rouge, has shown a steady increase in sales over the same period last year for the past couple of months. This year alone, through February, our real estate market has 100 more homes closed than this same period last year. This may not seem like a big increase, but if you look at the past couple of winters, each year was a little worse than the year before. Does this mean that our market has turned around? I think we won't know that until it has happened. I strongly suspect we will have a very strong spring and summer, but going into the election things may get sluggish as everyone gets involved with the presidential election.
These low interest rates are not expected to hold indefinitely. Typically, rates will remain low the year of a presidential election then they tend to trend upward after that - depending on which party wins.
My team noticed the sales trend the last quarter of 2011 and thought it would hold through the winter, and so far, that's what our real estate market has done. Don't play the waiting game. Give us a call and start shopping for home or investment now!!