Published Mar 18, 2014
While home sales in the eight-parish Capital Region rose 10.6% in February compared to sales during February last year, the average sale price declined 0.6% on the month. Inventory shrank by nearly 10%. According to the latest monthly report from the Greater Baton Rouge Association of Realtors, released today, February home sales totaled 593 in the Capital Region, up from 536 a year earlier during the month. Sales in February were also up from the 519 recorded in January—when sales were up 8.6% over January 2013.
East Baton Rouge Parish home sales last month were up 7.8%, at 304, compared to 282 in February a year ago. Livingston Parish posted a 20.5% increase in sales, with 100 homes sold in February, up from 83 a year earlier. Ascension Parish's 122 home sales last month was just three fewer than were sold in February 2013, or a 2.4% drop. The five other parishes included in GBRAR's Capital Region report are West Baton Rouge, East Feliciana, West Feliciana, Iberville and Pointe Coupee. Through the first two months of the year, sales in the eight-parish region are up 10.1% over 2013 figures. Meanwhile, at $187,241, the average sale price is up 0.7% over last year's average through February. Capital Region inventory last month totaled 3,820 homes, or 9.7% fewer than during the month a year ago. Access the complete GBRAR report.
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