BATON ROUGE, La. (AP) – The August floods caused Baton Rouge-area home sales to drop by 23 percent when compared to the year before.
According to figures released by the Greater Baton Rouge Association of Realtors’ Multiple Listing Service, there were 727 homes sold in August in the nine-parish area. That compares with 949 sales in August 2015.
The figures are in line with preliminary numbers released in early September by the association, showing 666 sales. At that time, a spokeswoman for the association, told The Advocate (http://bit.ly/2d5xo66) the disruption by the flooding was causing delays in getting some sales processed.
Despite the drop in sales, median home prices rose in August to $191,250, a 3.4 percent increase over the $185,000 median price in August 2015.
New listings were down by 2.8 percent in August.