We are continuing the slow down in the market in both Ascension and East Baton Rouge Parishes.
Average Sales Price in Ascension was $252,850 down a bit from $261,616. In September, the homes that sold were on the market for 59 days vs. the 53 days in October. Sellers were still able to walk away with 98.62% of their asking price. The slow down we see is that out of 196 homes listed in October, only 75% of those sold compared to the 88% in September.
This leaves us with 682 homes on the market in Ascension Parish with an average price of $311,761.
In Baton Rouge (areas 4, 5 & 6) the October average sales price dropped slightly to $272,948 compared to $277,046 in September. The days on market dropped by 3 days to 58.