east baton rouge local market update 03/2014
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![Page 1: East Baton Rouge Local Market Update 03/2014](https://reader035.vdocuments.net/reader035/viewer/2022081809/55cf97ef550346d0339487dc/html5/thumbnails/1.jpg)
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%
Median Sales Price* $171,000 $188,000 + 9.9% $168,935 $169,950 + 0.6%
Percent of List Price Received* 96.5% 97.1% + 0.6% 96.4% 96.4% 0.0%
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
Local Market Update for March 2014A Research Tool Provided by the Greater Baton Rouge Association of REALTORS®
East Baton Rouge
March Year to Date
417
336683
56996.5% 97.1%
6.7
5.4
2013 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.
All MLS — East Baton Rouge —
336
Closed Sales
569
New Listings
$110,000
$120,000
$130,000
$140,000
$150,000
$160,000
$170,000
$180,000
1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014
Historical Median Sales Price Rolling 12-Month Calculation
- 16.7% - 19.4%
96.5% 97.1%
Pct. of List Price Received+ 0.6%
5.4
Months Supply- 19.4%
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.