The Capital Region’s luxury housing market is still moving—but more cautiously than in recent years, Business Report writes in its latest issue.  The most expensive known home sale of 2025 in Baton Rouge topped out at $3.65 million, marking a sharp drop from 2024 and the lowest top sale in thr ee years. Realtors say limited high-end inventory, elevated buyer expectations and lingering interest rate sensitivity have slowed closings, even as demand for move-in-ready homes remains strong.  While overall transactions declined, the number of million-dollar sales increased, signaling a more selective but still active upper-tier market.  Homes priced between $800,000 and $2 million are selling faster than ultra-luxury listings, which are sitting longer as buyers scrutinize condition, amenities and renovation costs.  Increasingly, affluent buyers are also pursuing off-market deals to maintain privacy. Industry veterans say the market feels tougher—but improving sentiment and modestly lower rates could set the stage for stronger momentum in 2026. Read the full story, and send comments to [email protected].  ...read more read less