“Alright, Alright…” Digging through the May market stats had me channeling my inner Matthew McConaughey. The number of homes for sale in Orleans Parish increased for the third month in a row, We have a long way to go yet before we get some balance in the market, but things are finally trending in the...
The median price of a home in Orleans Parish reached a new high in April, continuing a run that has seen an increase of 19% in the last 20 months. Higher prices and the recent increases in mortgage rates might make the market look difficult for buyers, but… Price statistics are a look back, not...
The long, steady plunge of the number of homes for sale in New Orleans might finally be bouncing off the bottom. Inventory has been on a consistent decline for the last two years. We saw the first significant increase in March. The number of homes for sale jumped 9% from its ridiculous low last month....
I just updated the market information again for all 48 neighborhoods in my listing map of New Orleans. You’ll see these stats when you hover over each of the neighborhoods in the desktop version of the site. Freshening up these numbers gives me great information to track how prices are moving all over the city....
Great googly moogly. The median price of an Orleans Parish home soared in January, increasing more than 9% since December. Compare it to January of last year and the jump is even more eye-popping. If you’re looking to buy, don’t panic. If you own a home and think it’s worth 28% more than last year,...
Thanks to the holidays, December is never a good month for inventory. But even for a December, the number of homes for sale in Orleans Parish last month was…allow me to use a fancy real estate term…gross. Our market is at a tipping point, and there are a couple things happening that will sort themselves...
Mindy and I were just talking about how September was incredibly weird. It felt like the entire month never happened. Our real estate market followed suit. All the stats that reflect market activity dropped substantially in September. After Ida, sellers had neither the interest nor the time to put their homes on the market. Take...
First and foremost, I hope this post finds you all safe and well. The last few weeks have been physically and emotionally draining, to say the least. As we move forward on the road of recovery from Ida, let’s take a look at what the August stats tell us about the New Orleans market, and...
Home prices in New Orleans decided a five month bender was enough. The median price of a home in Orleans Parish had increased 24% from February through June. That’s not healthy or sustainable. As if to prove that point, July’s median price fell 8%. No, this does not mean buyers can start throwing low-ball offers...
The bus our New Orleans real estate market has been on this year just pulled into Crazytown. The median price of a property sold in Orleans Parish last month was $362,000 — a 25% jump since January. That’s the fifth straight month with an increase, something we haven’t seen since 2008. June also set the...
