First I'd like to say that sales are up this year! Check out this article: http://theadvocate.com/news/business/5447663-123/br-area-hom
Our prices here have not dropped 25% nor do we have a strong buyers market or a big housing shortage!
Like anywhere, there are many different "markets" in the Baton Rouge area. There are some subdivisions and/or areas where prices have dropped, some more than others, and then there are some that have increased a good bit and everything in between. Every street, subdivision, area of town, is different!
Our inventory has recently dropped a little but it is still at what would be considered a high inventory. This means there are still a good number of options out there but not so many that you can call our market a strong buyer's market. However, again, every street/subdivison/area can be different. You may have an excess of listings with few buyers in one subdivision and 5 minutes away have no listings and 5 buyers waiting for one to come available!
To summarize, if you have questions about your neighborhood or one where you would like to buy a home please ask a Real Estate Agent for information about your specific "market". We are always glad to help!