Inventory is rising in both Ascension and East Baton Rouge Parishes.
Median Sales Price in Ascension was $246,000. That is up significantly from November 2017 when ti was $215,950. In October, the homes that sold were on the market for 53 days vs. the 65 days in November. Sellers were still able to walk away with 98.2% of their asking price. The big indicator of a slow down is that we have 4.5 months of inventory compared to only 3.3 months in November of last year.
This leaves us with 621 homes on the market in Ascension Parish with a median list price of $275,000.
In East Baton Rouge Parish the November median sales was $199,900, compared to $190,000 last year. The days on market held steady at 59. Sellers East Baton