East Baton Rouge Home Sales January 2017 – August 2016 Great Flood still impacting home prices despite perceived “low inventory” of homes available to buy.
East Baton Rouge Housing Statistics Infographic for January 2017
Of the 409 home sales, they sold within 26 days on a median basis. Home sales prices were down as compared to January 2016 by 7.6 to 10 percent. Homes generally sold for 3 percent less than listing prices. And, $78,345,089 in sold dollar volume took place. Going into February 2017, months supply of inventory was a low 3.4 months.
Update provided by Greater Baton Rouge Home Appraiser Bill Cobb 225-293-1500
Based on information from Greater Baton Rouge Association of REALTORS®\MLS for period 01/01/2016 to 01/25/2017, extracted on 01/25/2017.