Housing’s new normal

The residential sector is cooling, but tight inventory should keep the Capital Region market on neutral turf.

January 5, 2023

CALMING EFFECT: While the multiple-bid advantage experienced by sellers in mid-2022 is a thing of the past, Kendra Novak, a broker who is also president of the Greater Baton Rouge Association of Realtors, predicts a slowing market won’t swing to one that favors buyers. (Don Kadair)

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Everyone who pays attention to such things knows the housing market in the Capital Region, along with most other places across the country, spent most of last year slowing down. In November, closed sales in the Baton Rouge area were down about 37% compared to the previous November, while sales were down almost 14% for

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