Home sales post gain in July

Home sales in metro Baton Rouge increased by 2 percent in July, thanks to increased sales in East Baton Rouge and Livingston parishes.

There were 856 home sales that closed in July in the nine-parish area, according to figures released Monday by the Greater Baton Rouge Association of Realtors. That compares with 839 closed sales in July 2013. The biggest monthly gainer was Livingston Parish, where sales were up 11.7 percent from 137 to 153.

East Baton Rouge, the largest market for sales, was up by 3 percent, from 465 to 479.

But Ascension Parish had a 4.1 percent sales drop from 171 sales in 2013 to 164.

The median sales price for the metro area was up 3.5 percent from $176,650 to $182,900 last month.

The average number of days a home was on the market was up from 76 in July 2013 to 82.

But the number of homes for sale fell 9.8 percent to 4,003. The supply in months was 5.3, compared with 6.5 in 2013.

Those numbers could drop even further. The number of pending sales in July was 985, a 25.3 percent increase over the pending sales for July 2013.

The number of new listings on the market was up 3.2 percent from 1,212 in 2013 to 1,251.

Through the first seven months of the year, there were 5.262 home sales in the metro area, compared with 5,097 through July 2013, a 3.2 percent increase.

Sales were up 11.8 percent in Livingston through July, going from 837 to 936. Ascension saw a 2.1 percent gain during the same period, coming in at 1,009 closed home sales compared with 988 in 2013. East Baton Rouge sales were down 1.3 percent through July, with 2,818 closed sales compared with 2,856 through July 2013.