Home sales in metro Baton Rouge increased by 2 percent in July

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BATON ROUGE, Louisiana — Home sales in metro Baton Rouge increased by 2 percent in July, thanks to increased sales in East Baton Rouge and Livingston parishes.

There were 856 home sales that closed in July in the nine-parish area. That's according to figures released Monday by the Greater Baton Rouge Association of Realtors to The Advocate (http://bit.ly/1tPYa28).

That compares with 839 closed sales in July 2013. The biggest monthly gainer was Livingston Parish, where sales were up 11.7 percent from 137 to 153.

East Baton Rouge, the largest market for sales, was up by 3 percent, from 465 to 479.

But Ascension Parish had a 4.1 percent sales drop from 171 sales in 2013 to 164.

The median sales price for the metro area was up 3.5 percent from $176,650 to $182,900 last month.

The average number of days a home was on the market was up from 76 in July 2013 to 82.

But the number of homes for sale fell 9.8 percent to 4,003. The supply in months was 5.3, compared with 6.5 in 2013.


Information from: The Advocate, http://theadvocate.com

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