Greater Baton Rouge Home Sales Snapshot June 2015
Covers Detached Single Family in East & West Baton Rouge, Ascension & Livingston Parishes.
Download here: Greater Baton Rouge Home Sales Snapshot June 2015
It appears Greater Baton Rouge home sales recovered in June with a 8.5% increase over June 2014 and after an 8% decline for May 2015. And, for first 6 months, home sales are up 5.2% with 3,972 from Jan-June 2015 vs 3,777 Jan-June 2014.
New construction experienced 894 sales sales for entire 2015 $123,900 to $901,700, median $216,895, average $243,347 selling for 100% of listing price, average size home 1,953 sq. ft. and average price per sq. ft. of $122/sf, Average days on market was 150 days.
Attached Units (Condos / Townhomes) experienced 327 sales for entire 2015 selling at median $134,000, averaging $109/sf, average size 1,322sf, selling for 95% of listing price taking average 156 days on market.
A picture of low inventory
Recap? June 2015 sales rebounded from slowing months of April and May. So far, rising mortgage rates haven’t hampered or slowed sales. There’s still a shortage of homes in certain “HOT” zip code for buyers resulting in slower sales. And, days on market increased 62% in June 2015 from 63 days in May to 102 days in June.
Data used with permission of Greater Baton Rouge Association of REALTORS®/MLS from 06/01/2010 to 06/30/2015, extracted 07/10/2015.