Baton Rouge Area Home Sales Up 25 Percent In May
Baton Rouge area home sales up 25 percent in May
BATON ROUGE, La. (AP) — Home sales in the Baton Rouge metro area grew 25 percent in May. That's according to figures compiled by the Greater Baton Rouge Association of Realtors.
The Advocate reports (http://bit.ly/LV8gtF ) real estate agents in the eight-parish area sold 731 houses in May compared with 585 during that month last year. Dollar volume was up 26 percent to $144.1 million.
For the year, the metro area is up 20 percent in homes sold — 2,951 compared with 2,458 — and valuation is up 18 percent to $555.5 million.
The average current days on market for homes was 127 in May, down from 146 that month last year.