BATON ROUGE, La. (AP) – The south Louisiana floods, which have forced tens of thousands of people to look for housing, comes at a time when the metro Baton Rouge housing market was already grappling with a limited inventory of homes.
As of July, the Greater Baton Rouge Association of Realtors’ Multiple Listing Service found there were 3,382 homes on the market in the metro areas.
In the immediate aftermath of the flooding, Ginger Maulden, president-elect of the Baton Rouge realtor’s group, tells The Advocate (http://bit.ly/2bzML73) she expects the inventory will drop even further. Maulden says some people who had listed their property may end up taking it off the market and letting displaced family or friends live there. She says some homes that were listed may have been damaged by floodwaters and can’t be sold.
Information from: The Advocate, http://theadvocate.com