February 2019 Market Stats
We feel like it rained the whole month of February! Let’s see if that affected the real estate market.
In February 2019, 176 detached single family homes were put on the market with 156 of those homes selling. Those homes had a median sales price of $228,627 and saw an average of 76 days on the market. Sellers were able to get 97.7% of their asking price. That is about .5% down from last month.
This leaves us with 570 homes on the market in Ascension Parish with a median list price of $279,449. There is 3.4 months worth of inventory available. It’s very interesting that last February there were only 116 homes that sold. Looks like we are headed back toward a seller’s market!
Fun Search: Check out the homes in Ascension Parish that are on the market for over $1,000,000
In East Baton Rouge Parish, the February 2019 detached single-family median sales were $207,500 with 311 homes selling. The days on market dropped to 69 and sellers in East Baton Rouge Parish received quite an increase in obtaining 97.4% of their asking price.
As a result, this activity left East Baton Rouge Parish with 1,666 homes on the market with a median list price of $269,000. East Baton Rouge has 5 months worth of inventory and it seems that they have stalled a bit and are still in that Buyer’s Market.
Fun Search: Check out the homes priced under $50,000 in Baton Rouge
These are broad, Parish wide statistics. Are you interested in the market stats for your neighborhood? We are always happy to provide those to you. Just leave us a message and let us know what area you would like to know about!
* All market stats were obtained from GBRAR MLS