Greater Baton Rouge Home Sales June 2019 via GBRAR REALTORS/MLS and Association

1. June 2019 Activity Snapshot
One-Year Change in One-Year Change in
Closed Sales Median Sales Price
2
3
4
5
6
7
8
9
10
11
12
Monthly Indicators
- 6.2% + 10.0% + 1.7%
One-Year Change in
Current as of July 10, 2019. All data from the Greater Baton Rouge Association of REALTORS® MLS. Information deemed reliable but not guaranteed. Report © 2019 ShowingTime.
Pending Sales
Closed Sales
Days on Market Until Sale
Median Sales Price
Average Sales Price
Percent of List Price Received
As was widely expected, the Federal Reserve did not change the target range
for the federal funds rate – currently set at 2.25 to 2.5 percent – during their
June meeting. Although the economy is still performing well due to factors such
as low unemployment and solid retail sales, uncertainty remains regarding trade
tensions, slowed manufacturing and meek business investments.
New Listings were down 6.3 percent to 1,457. Pending Sales increased 5.9
percent to 1,113. Inventory grew 1.7 percent to 4,419 units.
Prices moved higher as Median Sales Price was up 10.0 percent to $220,000.
Days on Market increased 29.3 percent to 75 days. Months Supply of Inventory
was up 2.1 percent to 4.9 months, indicating that supply increased relative to
demand.
In terms of relative balance between buyer and seller interests, residential real
estate markets across the country are performing well within an economic
expansion that will become the longest in U.S. history in July. However, there
are signs of a slowing economy. The Federal Reserve considers 2.0 percent a
healthy inflation rate, but the U.S. is expected to remain below that this year.
The Fed has received pressure from the White House to cut rates in order to
spur further economic activity, and the possibility of a rate reduction in 2019 is
definitely in play following a string of increases over the last several years.
Homes for Sale
A research tool provided by the Greater Baton Rouge Association of
REALTORS®. Residential real estate activity composed of single-family
properties, townhomes and condominiums combined. Percent changes
are calculated using rounded figures.
Activity Overview
New Listings
Housing Affordability Index
Inventory of Homes for Sale
Months Supply of Inventory

2. Activity Overview
Key Metrics Historical Sparkbars 6-2018 6-2019 Percent Change YTD 2018 YTD 2019 Percent Change
Key metrics by report month and for year-to-date (YTD) starting from the first of the year.
New Listings 1,555 1,457 - 6.3% 8,398 - 2.3%
Pending Sales 1,051 1,113 + 5.9% 5,870 6,011 + 2.4%
8,595
+ 0.1%
Days on Market 58 75 + 29.3% 66 78 + 18.2%
Closed Sales 1,069 1,003 - 6.2% 5,369 5,372
+ 4.1%
Avg. Sales Price $227,392 $254,703 + 12.0% $222,976 $233,922 + 4.9%
Median Sales Price $200,000 $220,000 + 10.0% $197,000 $205,000
Homes for Sale 4,345 4,419 + 1.7% -- --
Months Supply 4.8 4.9 + 2.1% --
Current as of July 10, 2019. All data from the Greater Baton Rouge Association of REALTORS® MLS. Information deemed reliable but not guaranteed. Report © 2019 ShowingTime. | 2
0.0%
Affordability Index 131 123 - 6.1% 133 132 - 0.8%
Pct. of List Price Received 97.8% 98.0% + 0.2% 97.7% 97.7%
--
-- --
6-2016 6-2017 6-2018 6-2019
6-2016 6-2017 6-2018 6-2019
6-2016 6-2017 6-2018 6-2019
6-2016 6-2017 6-2018 6-2019
6-2016 6-2017 6-2018 6-2019
6-2016 6-2017 6-2018 6-2019
6-2016 6-2017 6-2018 6-2019
6-2016 6-2017 6-2018 6-2019
6-2016 6-2017 6-2018 6-2019
6-2016 6-2017 6-2018 6-2019

3. New Listings
Prior Year Percent Change
July 2018 1,409 1,468 -4.0%
August 2018 1,431 1,404 +1.9%
September 2018 1,052 1,247 -15.6%
October 2018 1,252 1,141 +9.7%
November 2018 1,020 981 +4.0%
December 2018 748 766 -2.3%
January 2019 1,284 1,136 +13.0%
February 2019 1,273 1,330 -4.3%
March 2019 1,421 1,495 -4.9%
April 2019 1,482 1,471 +0.7%
May 2019 1,481 1,608 -7.9%
June 2019 1,457 1,555 -6.3%
12-Month Avg 1,276 1,300 -1.8%
Historical New Listings by Month
Current as of July 10, 2019. All data from the Greater Baton Rouge Association of REALTORS® MLS. Information deemed reliable but not guaranteed. Report © 2019 ShowingTime. | 3
A count of the properties that have been newly listed on the market in a given month.
New Listings
1,404
1,555
1,457
2017 2018 2019
June
0
1,000
2,000
3,000
4,000
1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019
7,921
8,595 8,398
2017 2018 2019
Year to Date
- 2.3%+ 10.8% - 6.3% + 8.5%+ 9.1% + 5.2%

4. Pending Sales
Prior Year Percent Change
July 2018 988 985 +0.3%
August 2018 928 968 -4.1%
September 2018 749 820 -8.7%
October 2018 765 860 -11.0%
November 2018 703 720 -2.4%
December 2018 595 576 +3.3%
January 2019 804 761 +5.7%
February 2019 885 890 -0.6%
March 2019 1,050 1,085 -3.2%
April 2019 1,099 1,036 +6.1%
May 2019 1,060 1,047 +1.2%
June 2019 1,113 1,051 +5.9%
12-Month Avg 895 900 -0.6%
Historical Pending Sales by Month
Current as of July 10, 2019. All data from the Greater Baton Rouge Association of REALTORS® MLS. Information deemed reliable but not guaranteed. Report © 2019 ShowingTime. | 4
A count of the properties on which offers have been accepted in a given month.
Pending Sales
1,028 1,051
1,113
2017 2018 2019
June
0
500
1,000
1,500
2,000
2,500
3,000
1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019
5,983 5,870 6,011
2017 2018 2019
Year to Date
+ 2.4%+ 2.2% + 5.9% - 1.9%+ 10.7% + 4.9%

5. Closed Sales
Prior Year Percent Change
July 2018 1,125 1,051 +7.0%
August 2018 1,020 1,048 -2.7%
September 2018 884 900 -1.8%
October 2018 817 875 -6.6%
November 2018 758 832 -8.9%
December 2018 712 784 -9.2%
January 2019 569 625 -9.0%
February 2019 754 703 +7.3%
March 2019 890 982 -9.4%
April 2019 989 954 +3.7%
May 2019 1,167 1,036 +12.6%
June 2019 1,003 1,069 -6.2%
12-Month Avg 891 905 -1.5%
Historical Closed Sales by Month
Current as of July 10, 2019. All data from the Greater Baton Rouge Association of REALTORS® MLS. Information deemed reliable but not guaranteed. Report © 2019 ShowingTime. | 5
A count of the actual sales that closed in a given month.
Closed Sales
1,151
1,069
1,003
2017 2018 2019
June
0
500
1,000
1,500
2,000
1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019
5,714
5,369 5,372
2017 2018 2019
Year to Date
+ 0.1%- 7.1% - 6.2% - 6.0%+ 10.1% + 10.6%

6. Days on Market Until Sale
Prior Year Percent Change
July 2018 62 50 +24.0%
August 2018 60 48 +25.0%
September 2018 64 56 +14.3%
October 2018 66 56 +17.9%
November 2018 64 58 +10.3%
December 2018 77 67 +14.9%
January 2019 78 67 +16.4%
February 2019 78 69 +13.0%
March 2019 85 75 +13.3%
April 2019 78 64 +21.9%
May 2019 74 65 +13.8%
June 2019 75 58 +29.3%
12-Month Avg* 71 61 +16.4%
Historical Days on Market Until Sale by Month
Current as of July 10, 2019. All data from the Greater Baton Rouge Association of REALTORS® MLS. Information deemed reliable but not guaranteed. Report © 2019 ShowingTime. | 6
Average number of days between when a property is listed and when an offer is accepted in a given month.
Days on Market
* Average Days on Market of all properties from July 2018 through June 2019. This
is not the average of the individual figures above.
58 58
75
2017 2018 2019
June
0
20
40
60
80
100
120
1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019
58
66
78
2017 2018 2019
Year to Date
+ 18.2%0.0% + 29.3% + 13.8%- 13.4% - 21.6%

7. Median Sales Price
Prior Year Percent Change
July 2018 $201,950 $197,000 +2.5%
August 2018 $199,900 $190,133 +5.1%
September 2018 $208,918 $198,450 +5.3%
October 2018 $197,350 $198,000 -0.3%
November 2018 $203,900 $190,000 +7.3%
December 2018 $204,500 $204,137 +0.2%
January 2019 $205,000 $190,000 +7.9%
February 2019 $195,000 $195,000 0.0%
March 2019 $199,000 $194,000 +2.6%
April 2019 $200,000 $199,000 +0.5%
May 2019 $210,000 $200,000 +5.0%
June 2019 $220,000 $200,000 +10.0%
12-Month Med* $204,650 $196,900 +3.9%
Historical Median Sales Price by Month
Current as of July 10, 2019. All data from the Greater Baton Rouge Association of REALTORS® MLS. Information deemed reliable but not guaranteed. Report © 2019 ShowingTime. | 7
Point at which half of the sales sold for more and half sold for less, not accounting for seller concessions, in a given month.
Median Sales Price
* Median Sales Price of all properties from July 2018 through June 2019. This is not
the average of the individual figures above.
$199,900 $200,000
$220,000
2017 2018 2019
June
$0
$50,000
$100,000
$150,000
$200,000
$250,000
1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019
$184,900
$197,000
$205,000
2017 2018 2019
Year to Date
+ 4.1%+ 0.1% + 10.0% + 6.5%+ 2.4% - 2.0%

8. Average Sales Price
Prior Year Percent Change
July 2018 $234,807 $223,544 +5.0%
August 2018 $231,149 $220,855 +4.7%
September 2018 $228,312 $217,091 +5.2%
October 2018 $219,499 $227,028 -3.3%
November 2018 $235,079 $216,946 +8.4%
December 2018 $229,188 $222,099 +3.2%
January 2019 $221,090 $214,819 +2.9%
February 2019 $222,260 $219,187 +1.4%
March 2019 $227,925 $219,837 +3.7%
April 2019 $230,145 $222,502 +3.4%
May 2019 $237,521 $229,326 +3.6%
June 2019 $254,703 $227,392 +12.0%
12-Month Avg* $231,952 $222,139 +4.4%
Historical Average Sales Price by Month
Current as of July 10, 2019. All data from the Greater Baton Rouge Association of REALTORS® MLS. Information deemed reliable but not guaranteed. Report © 2019 ShowingTime. | 8
Average sales price for all closed sales, not accounting for seller concessions, in a given month.
Avg. Sales Price
* Avg. Sales Price of all properties from July 2018 through June 2019. This is not
the average of the individual figures above.
$231,247 $227,392
$254,703
2017 2018 2019
June
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019
$211,661
$222,976
$233,922
2017 2018 2019
Year to Date
+ 4.9%- 1.7% + 12.0% + 5.3%+ 3.7% - 3.6%

9. Percent of List Price Received
Prior Year Percent Change
July 2018 97.5% 98.0% -0.5%
August 2018 97.8% 97.5% +0.3%
September 2018 97.6% 97.3% +0.3%
October 2018 97.4% 97.3% +0.1%
November 2018 97.6% 97.6% 0.0%
December 2018 97.6% 97.7% -0.1%
January 2019 97.1% 97.5% -0.4%
February 2019 97.5% 97.5% 0.0%
March 2019 97.8% 97.7% +0.1%
April 2019 97.7% 97.7% 0.0%
May 2019 98.1% 97.9% +0.2%
June 2019 98.0% 97.8% +0.2%
12-Month Avg* 97.7% 97.6% +0.1%
Historical Percent of List Price Received by Month
Current as of July 10, 2019. All data from the Greater Baton Rouge Association of REALTORS® MLS. Information deemed reliable but not guaranteed. Report © 2019 ShowingTime. | 9
Percentage found when dividing a property’s sales price by its most recent list price, then taking the average for all properties sold in a
given month, not accounting for seller concessions.
Pct. of List Price Received
* Average Pct. of List Price Received for all properties from July 2018 through June
2019. This is not the average of the individual figures above.
97.7% 97.8% 98.0%
2017 2018 2019
June
95.0%
96.0%
97.0%
98.0%
99.0%
100.0%
101.0%
1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019
97.1% 97.7% 97.7%
2017 2018 2019
Year to Date
0.0%+ 0.1% + 0.2% + 0.6%- 0.4% - 0.7%

10. Housing Affordability Index
Prior Year Percent Change
July 2018 130 141 -7.8%
August 2018 131 148 -11.5%
September 2018 121 142 -14.8%
October 2018 121 139 -12.9%
November 2018 120 147 -18.4%
December 2018 129 135 -4.4%
January 2019 129 141 -8.5%
February 2019 137 137 0.0%
March 2019 135 137 -1.5%
April 2019 136 131 +3.8%
May 2019 129 130 -0.8%
June 2019 123 131 -6.1%
12-Month Avg 128 128 0.0%
Historical Housing Affordability Index by Month
Current as of July 10, 2019. All data from the Greater Baton Rouge Association of REALTORS® MLS. Information deemed reliable but not guaranteed. Report © 2019 ShowingTime. | 10
This index measures housing affordability for the region. For example, an index of 120 means the median household income is 120% of
what is necessary to qualify for the median-priced home under prevailing interest rates. A higher number means greater affordability.
Affordability Index
139
131
123
2017 2018 2019
June
0
50
100
150
200
1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019
150
133 132
2017 2018 2019
Year to Date
- 0.8%- 5.8% - 6.1% - 11.3%- 5.4% - 1.3%

11. Inventory of Homes for Sale
Prior Year Percent Change
July 2018 4,361 3,614 +20.7%
August 2018 4,448 3,697 +20.3%
September 2018 4,384 3,803 +15.3%
October 2018 4,491 3,760 +19.4%
November 2018 4,450 3,717 +19.7%
December 2018 4,199 3,617 +16.1%
January 2019 4,239 3,628 +16.8%
February 2019 4,270 3,758 +13.6%
March 2019 4,299 3,884 +10.7%
April 2019 4,360 4,009 +8.8%
May 2019 4,402 4,211 +4.5%
June 2019 4,419 4,345 +1.7%
12-Month Avg* 4,360 3,837 +13.6%
Historical Inventory of Homes for Sale by Month
Current as of July 10, 2019. All data from the Greater Baton Rouge Association of REALTORS® MLS. Information deemed reliable but not guaranteed. Report © 2019 ShowingTime. | 11
The number of properties available for sale in active status at the end of a given month.
Homes for Sale
3,454
4,345 4,419
2017 2018 2019
June
0
1,000
2,000
3,000
4,000
5,000
6,000
1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019
+ 25.8% + 1.7%- 7.0%

12. Months Supply of Inventory
Prior Year Percent Change
July 2018 4.8 3.8 +26.3%
August 2018 5.0 3.8 +31.6%
September 2018 4.9 4.0 +22.5%
October 2018 5.1 4.0 +27.5%
November 2018 5.0 4.0 +25.0%
December 2018 4.8 4.0 +20.0%
January 2019 4.8 4.0 +20.0%
February 2019 4.8 4.2 +14.3%
March 2019 4.9 4.3 +14.0%
April 2019 4.9 4.4 +11.4%
May 2019 4.9 4.7 +4.3%
June 2019 4.9 4.8 +2.1%
12-Month Avg* 4.9 4.2 +16.7%
Historical Months Supply of Inventory by Month
Current as of July 10, 2019. All data from the Greater Baton Rouge Association of REALTORS® MLS. Information deemed reliable but not guaranteed. Report © 2019 ShowingTime. | 12
The inventory of homes for sale at the end of a given month, divided by the average monthly pending sales from the last 12 months.
Months Supply
* Months Supply for all properties from July 2018 through June 2019. This is not the
average of the individual figures above.
3.7
4.8 4.9
2017 2018 2019
June
0
2
4
6
8
10
12
1-2003 1-2004 1-2005 1-2006 1-2007 1-2008 1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019
+ 29.7% + 2.1%- 14.0%

13. Key Metrics 2018 2019 Percent Change Thru 6-2018 Thru 6-2019 Percent Change
New Listings 832 727 - 12.6% 4,563 4,507 - 1.2%
Pending Sales 529 549 + 3.8% 3,102 3,181 + 2.5%
Closed Sales 577 553 - 4.2% 2,868 2,845 - 0.8%
Median Sales Price* $203,000 $229,950 + 13.3% $197,000 $205,000 + 4.1%
Percent of List Price Received* 97.7% 97.6% - 0.1% 97.4% 97.5% + 0.1%
Days on Market Until Sale 55 71 + 29.1% 63 73 + 15.9%
Inventory of Homes for Sale 2,274 2,336 + 2.7% -- -- --
Months Supply of Inventory 4.8 4.9 + 2.1% -- -- --
* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.
June
Current as of July 10, 2019. All data from the Greater Baton Rouge Association of REALTORS® MLS. Report © 2019 ShowingTime. Percent changes are calculated using rounded figures.
All MLS —
East Baton Rouge Parish —
Local Market Update for June 2019
A Research Tool Provided by the Greater Baton Rouge Association of REALTORS®
East Baton Rouge Parish
June Year to Date
577 553
Closed Sales
832
727
New Listings
$160,000
$170,000
$180,000
$190,000
$200,000
$210,000
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019
Historical Median Sales Price Rolling 12-Month Calculation
- 12.6% - 4.2%
97.7% 97.6%
Pct. of List Price Received
- 0.1%
4.8 4.9
Months Supply
2018 2019
+ 2.1%

14. Key Metrics 2018 2019 Percent Change Thru 6-2018 Thru 6-2019 Percent Change
New Listings 284 245 - 13.7% 1,570 1,330 - 15.3%
Pending Sales 205 193 - 5.9% 1,081 1,078 - 0.3%
Closed Sales 183 163 - 10.9% 980 995 + 1.5%
Median Sales Price* $245,500 $233,060 - 5.1% $226,000 $235,000 + 4.0%
Percent of List Price Received* 98.6% 98.7% + 0.1% 98.6% 98.4% - 0.2%
Days on Market Until Sale 47 76 + 61.7% 55 81 + 47.3%
Inventory of Homes for Sale 726 632 - 12.9% -- -- --
Months Supply of Inventory 4.4 3.9 - 11.4% -- -- --
* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.
June
Current as of July 10, 2019. All data from the Greater Baton Rouge Association of REALTORS® MLS. Report © 2019 ShowingTime. Percent changes are calculated using rounded figures.
All MLS —
Ascension Parish —
Local Market Update for June 2019
A Research Tool Provided by the Greater Baton Rouge Association of REALTORS®
Ascension Parish
June Year to Date
183
163
Closed Sales
284
245
New Listings
$160,000
$180,000
$200,000
$220,000
$240,000
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019
Historical Median Sales Price Rolling 12-Month Calculation
- 13.7% - 10.9%
98.6% 98.7%
Pct. of List Price Received
+ 0.1%
4.4
3.9
Months Supply
2018 2019
- 11.4%

15. Key Metrics 2018 2019 Percent Change Thru 6-2018 Thru 6-2019 Percent Change
New Listings 292 271 - 7.2% 1,630 1,609 - 1.3%
Pending Sales 210 250 + 19.0% 1,115 1,156 + 3.7%
Closed Sales 207 193 - 6.8% 1,002 1,010 + 0.8%
Median Sales Price* $171,158 $199,900 + 16.8% $170,315 $184,000 + 8.0%
Percent of List Price Received* 97.7% 99.0% + 1.3% 98.4% 98.3% - 0.1%
Days on Market Until Sale 68 84 + 23.5% 72 81 + 12.5%
Inventory of Homes for Sale 794 817 + 2.9% -- -- --
Months Supply of Inventory 4.7 4.8 + 2.1% -- -- --
* Does not account for seller concessions and/or down payment assistance. | Activity for one month can sometimes look extreme due to small sample size.
June
Current as of July 10, 2019. All data from the Greater Baton Rouge Association of REALTORS® MLS. Report © 2019 ShowingTime. Percent changes are calculated using rounded figures.
All MLS —
Livingston Parish —
Local Market Update for June 2019
A Research Tool Provided by the Greater Baton Rouge Association of REALTORS®
Livingston Parish
June Year to Date
207
193
Closed Sales
292
271
New Listings
$140,000
$150,000
$160,000
$170,000
$180,000
$190,000
$200,000
$210,000
1-2009 1-2010 1-2011 1-2012 1-2013 1-2014 1-2015 1-2016 1-2017 1-2018 1-2019
Historical Median Sales Price Rolling 12-Month Calculation
- 7.2% - 6.8%
97.7% 99.0%
Pct. of List Price Received
+ 1.3%
4.7 4.8
Months Supply
2018 2019
+ 2.1%