www.batonrougehousingreports.com – What Declining Baton Rouge Real Estate Market Looks Like and Why There Are Low Appraisals. In this video, local Greater Baton Rouge Appraiser, Bill Cobb, shows what a classic declining market looks like by MLS Chart and Appraisal and how such a weak market could certainly lead to a low appraisal. Remember that we’re speaking of a specific segment of the Baker housing market in the 1600sf to 2500sf living area range. This weak market had these characteristics: Very Slow Sales. Declining Median Sales Price. 22 Month Supply. 21 Competing Listings Is Oversupply when only 15 sold in previous 12 months. 93% List-To-Sales Price Ratio is weak. 2011 Baker Hills 6 sales, Median $62K, Avg Sold:$52/sf, Avg SP/LP%:97%, Avg DOM:126 Days. 33% Competing REO Sold Rate Since 1/2009. NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®MLS for the period of 01/01/2009 to 11/28/2011. This information was extracted on 11/28/2011.