- Associated Press - Friday, May 1, 2015

BATON ROUGE, La. (AP) - The number of houses sold in metro Baton Rouge jumped 14.7 percent in March when compared with figures from the year before.

There were 755 homes sold in March in the nine-parish area, according to figures released Thursday by the Greater Baton Rouge Association of Realtors’ Multiple Listing Service. That compares with 658 sales in March 2014.

Ascension Parish led the sales gain, with 144 homes being sold in the parish in March, an 18 percent increase over the 122 sales a year before. A limited inventory of available homes for sale had stymied sales in the parish for the past few months.

Livingston Parish had a 13.7 percent gain in sales during March, going from 124 sales in 2014 to 141 MLS transactions. And East Baton Rouge Parish, which accounts for the largest percentage of sales in the metro area, had a 13.4 percent gain. There were 390 MLS sales in the parish during March, compared with 344 in 2014.

The Advocate reports (https://bit.ly/1EI5y7t) the median home sales price rose by 3.8 percent in March, to $184,900 from $178,110.

The number of homes for sale fell 13.8 percent to 3,588. The supply in months was 4.5, compared with 5.9 in 2014. Six months is considered an ample supply.

The average amount of time a home stayed on the market until being sold was 92 days, down from 94 in 2014.

The number of new listings was up 5.5 percent from 1,136 in March 2014 to 1,198. And in a sign of future activity, the number of pending sales rose by 17.7 percent from 838 to 986.

Through the first three months of the year, there were 1,923 home sales in the metro area, compared with 1,788 through March 2014, a 7.6 percent increase.

Sales were up 15.1 percent in Livingston for the first quarter of the year, going from 311 to 358.

East Baton Rouge saw a 10.1 percent increase through the same period, coming in at 1,017 closed sales compared with 924 in 2014.

Ascension sales were up 1.9 percent from 363 through the first quarter of 2014 to 370 this year.


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

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