Home prices in metro Baton Rouge fell by 2.3% in the third quarter from the year before, a smaller drop than what was experienced nationally or regionally. The median sale price for homes in the Capital Region was $166,900 in the third quarter, reports the National Association of Realtors, compared with $170,900 in third quarter 2008. The two other Louisiana cities included in the survey fared even better in the period. Shreveport-Bossier City saw median prices rise 8.6%, from $140,200 to $152,300. Prices in metro New Orleans fell 1.5% from $166,800 in third quarter 2008 to $164,300. Nationally, third-quarter home prices were down 11.2% year to year, to $177,900, while the Southern average fell 7.9% to $160,000. See the full chart here.
Baton Rouge home prices holding ahead of national average
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