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The number of homes sold in metro Baton Rouge was 23.9% higher in October than the year before, continuing a five-month hot streak triggered by low interest rates and rebound from an early coronavirus-related slump. There were 1,134 homes sold in the nine-parish area in October, according to figures released Thursday by the Greater Baton Rouge Association of Realtors' Multiple Listing Service.

The number of homes sold in metro Baton Rouge was 23.9% higher in October than the year before, continuing a five-month hot streak triggered by low interest rates and rebound from an early coronavirus-related slump.

There were 1,134 homes sold in the nine-parish area in October, according to figures released Thursday by the Greater Baton Rouge Association of Realtors' Multiple Listing Service. This was the fifth month in a row sales outstripped 2019 figures by double-digits, coming off pandemic-related downturns during March and April.

Ascension Parish had the biggest gain, increasing by 33.5% to hit 219 MLS sales in October. Livingston Parish had a similar jump, increasing by 31.3% to 206 sales. East Baton Rouge, which accounts for the largest share of the area housing market, had a 17% increase, with 545 homes sold.

The median sales price areawide for a home was $232,865 in October, meaning that half of the homes sold for less than that price, half sold for more. That’s an 11% gain over the median sales price in October 2019.

Pending sales, a sign of future activity, were up 22.9% in October to 1,025.

Inventory was down 36.5% to 2,885 homes. There is now a 2.8 month supply of homes for sale at the current pace.

New listings dropped by 1% from a year ago, to 1,169. The number of days a home was on the market before it was sold dropped to 64 from 69 the year before.


Email Timothy Boone at tboone@theadvocate.com.