east baton rouge local market update 04/2014

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Page 1: East Baton Rouge Local Market Update 04/2014

Key Metrics 2013 2014 Percent Change Thru 4-2013 Thru 4-2014 Percent Change

New Listings 676 729 + 7.8% 2,627 2,410 - 8.3%

Closed Sales 428 420 - 1.9% 1,396 1,341 - 3.9%

Median Sales Price* $174,300 $171,000 - 1.9% $169,900 $170,000 + 0.1%

Percent of List Price Received* 96.5% 96.6% + 0.1% 96.4% 96.5% + 0.1%

Days on Market Until Sale 95 88 - 7.4% 95 89 - 6.3%

Inventory of Homes for Sale 2,407 2,209 - 8.2% -- -- --

Months Supply of Inventory 6.5 5.6 - 13.8% -- -- --

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

Local Market Update for April 2014A Research Tool Provided by the Greater Baton Rouge Association of REALTORS®

East Baton Rouge

April Year to Date

April428 420

676729

96.5% 96.6% 6.55.6

2013 2014

Current as of May 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 —

Closed Sales

676

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

+ 7.8% - 1.9%

96.5% 96.6%

Pct. of List Price Received+ 0.1%

5.6

Months Supply- 13.8%

Current as of May 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.