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Baton Rouge home sales drop in March

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BATON ROUGE, La. (AP) — Home sales in metro Baton Rouge dropped 14.6 percent in March for the first time in 18 consecutive months of year-to-year increases.

In figures released Monday by the Greater Baton Rouge Association of Realtors, there were 647 home sales that closed in March in the nine-parish area. That compares with 758 closed sales in March 2013.

Sales in East Baton Rouge Parish, the biggest market, dropped by 19.4 percent in March, falling from 417 to 336 over the year.

The association tells The Advocate (http://bit.ly/1jvPyrS ) the sales drop wiped out virtually all of the sales gains that were experienced in the first two months of 2014.

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Information from: The Advocate, http://theadvocate.com

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