T
he Greater Baton Rouge housing market saw a surge in inventory in July, giving buyers an advantage. Median sales prices and the percentage of list price received by sellers both showed slight decreases.

    This trend is a welcome relief for homebuyers who have been facing a competitive market. With more homes available, they now have a wider range of options to choose from.

    The increased inventory has also led to a decrease in median sales prices, making it easier for buyers to find affordable options. However, the percentage of list price received by sellers remains relatively stable, indicating that sellers are still able to get close to their asking price.

    Overall, the July market data suggests a shift towards a more balanced market, where buyers have more power and sellers must be more competitive in their pricing.