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...
I just finished updating the market information 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....
Once again, inventory – or lack thereof – is the story of our New Orleans real estate market. For the sixth month in a row, and for the 12th time in the last 13 months, the number of homes for sale in Orleans Parish dropped in April. Let’s put this in perspective: there were more...
Somebody get Wolf Blitzer. We have breaking news. Buyer demand in March spiked to record levels, with more pending sales in Orleans Parish than we’ve seen in any prior month. Here’s how March pending sales numbers look compared to the last ten years. If you throw 2020 out as a COVID outlier, April sees the...
In January, the median price of a home in Orleans Parish dropped for the third month in a row. I’d posted that it looked like the market might be catching its breath. Well, it took off running again in February. The median price bounced all the way up to $324,000, wiping out the previous months’...
When I walked in the front door to talk with the owner about listing this incredible property in the 7th Ward, I just about passed out. Just press the play button and you’ll understand. The Bernard Villa, as it’s called, began in the 1860s as a citrus plantation. It’s a classic, double-parlored center hall with...
