Lousiana Flooding Update: Baton Rouge area home sales see steep drop

FILE PHOTO - In this Aug. 16, 2016 file photo, Danny and Alys Messenger paddle a canoe away from their flooded home after surveying the damage in Prairieville, La. Man-made climate change about doubled the chances for the type of heavy downpours that caused devastating Louisiana floods in August 2016, a new quick federal study finds. "We are now actually able to objectively and quantifiably say ‘yes climate change contributed to this event’," Climate Central Chief Scientist Heidi Cullen said of last month's Louisiana downpours. "It's unequivocal." (AP Photo/Max Becherer, File)

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.

 

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