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Local Market Update for March 2014

A Research Tool Provided by the Greater Baton Rouge Association of REALTORS

East Baton Rouge


March

Year to Date

Key Metrics

2013

2014

Percent Change

Thru 3-2013

Thru 3-2014

Percent Change

New Listings

683

569

- 16.7%

1,950

1,667

- 14.5%

Closed Sales

417

336

- 19.4%

968

915

- 5.5%

$171,000

$188,000

+ 9.9%

$168,935

$169,950

+ 0.6%

96.5%

97.1%

+ 0.6%

96.4%

96.4%

0.0%

Median Sales Price*


Percent of List Price Received*
Days on Market Until Sale

91

87

- 4.4%

95

90

- 5.3%

Inventory of Homes for Sale

2,437

2,130

- 12.6%

--

--

--

Months Supply of Inventory

6.7

5.4

- 19.4%

--

--

--

* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.

March
2013

417

683

96.5%

336

569

- 16.7%

New Listings

Historical Median Sales Price

2014

6.7

97.1%

5.4

- 19.4%

+ 0.6%

- 19.4%

Closed Sales

Pct. of List Price Received

Months Supply

All MLS
East Baton Rouge

Rolling 12-Month Calculation

$180,000
$170,000
$160,000
$150,000
$140,000
$130,000
$120,000
$110,000
1-2004

1-2005

1-2006

1-2007

1-2008

1-2009

1-2010

1-2011

1-2012

1-2013

1-2014

Current as of April 10, 2014. All data from the Greater Baton Rouge Association of REALTORS MLS. Powered by 10K Research and Marketing. Percent changes are calculated using rounded figures.