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Old Posted Dec 27, 2005, 1:47 AM
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Join Date: Jul 2005
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B.R.'s hurricane housing boom continues in October

Advocate business staff

The post-Hurricane Katrina housing boom carried over into October, as early numbers show a 55 percent increase over the number of homes sold a year earlier. There were 1,295 houses sold in the eight-parish area, according to figures from the Greater Baton Rouge Association of Realtor's Multiple Listing Service. That compares to 712 houses sold in October 2004.

The MLS, which is updated hourly, is a database of home listings by local agents representing about 85 percent of the houses on the market. Officials with the Realtor's association say the sales figures become more accurate as the month moves along, because some transactions aren't filed immediately.

The October sales are a slight drop-off from September, when the estimated 240,000 people who moved into Baton Rouge ahead of Hurricane Katrina took over the housing market. During September, 1,815 houses were sold at an average price of $187,963.

Reflecting the increased demand, the average sale price for a home in the metro area was $175,024 in October, a 13 percent increase over the average for the first six months of the year.

Last edited by fla_tiger; Oct 31, 2006 at 2:41 PM.
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