Housing Numbers for July Show
Good News For Baton Rouge Economy
Yes while the stock market is unstable currently, the housing market in Baton Rouge shows to be very stong! This is based on the latest numbers from the Greater Baton Rouge Association of Realtors. Home sales in July across the nine-parish Capital Region were up nearly 10% over the same period of one year ago to 955, while pending sales rose nearly 16% to 984. Meanwhile, the month's supply of inventory dropped 22% to 4.5 months. The average sale price increased almost 5% to $191,000!
Activity in East Baton Rouge Parish was also strong. Sales for the month increased almost 10% over the month of July from a year ago to 539, while the months supply of inventory decreased nearly 26% to 4.6 months. The average sales price in the parish jumped up 11% to nearly $199,000!
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