The number of homes sold in metro Baton Rouge rose by 0.2 percent in April as a plunge in activity in Livingston Parish wiped out sales gains in East Baton Rouge and Ascension parishes.
There were 825 homes sold in the nine-parish metro area, according to figures released Tuesday by the Greater Baton Rouge Association of Realtors’ Multiple Listing Service. That compares to 823 MLS sales during April 2015.
Livingston Parish had a 24 percent drop in sales to 130 homes in April from 172 a year ago.
Ascension Parish, which had long been hampered by a limited sales inventory, had an 11.4 percent gain in home sales, the biggest increase in April. There were 156 MLS sales, compared with 140 the year before.
East Baton Rouge Parish, which accounts for the largest share of home sales in the market, saw a 10 percent increase from April 2015. There were 474 MLS sales, compared with 431 the year before.
Despite the slight increase in home sales, prices continued to steadily rise in the market. The median home price in the metro area increased by 2.4 percent in April from $190,000 to $194,500. The median price means that half of the homes sold for less than $194,500 and half sold for more than that amount.
Pending sales in metro Baton Rouge, a sign of future activity, increased by 12.5 percent to 1,054 from 937 a year ago.
The inventory of homes for sale dropped by 14 percent from 3,794 in April 2015 to 3,262, a 3.8-month supply. Six months is considered an adequate inventory. New listings were up by 7.4 percent to 1,226 in April compared with 1,142 a year earlier.
The number of days a house stayed on the market dropped from 83 to 74 in metro Baton Rouge.
Through the first four months of 2016, the number of homes sold in metro Baton Rouge totaled 2,984, a 6.8 percent increase over the same time period in 2015. The median sales price was $185,750, a 0.4 percent increase.
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