BATON ROUGE, La. (AP) — Home sales sank 27 percent in October from a year ago in the latest sign that economic fears are filtering into south Louisiana.
Figures tracked by the Greater Baton Rouge Association of Realtors show 530 homes changed hands last month in the eight-parish market. The total sales volume of $104.2 million was down 25 percent from the year-ago period.
Sales figures have fallen in each month this year. Year-to-date figures have been near or below 2003 levels at least since August.
Housing inventory, another key measure, improved some last month after a big run-up caused by Hurricane Gustav in September.
——Contact The Daily Reveille news staff at [email protected]