October Stats: This Doesn't Make Sense
The purpose of these monthly stat posts is to spot trends, diagnose what's happening in the market, and make educated guesses about what that might mean in future. That's becoming more difficult lately. Three charts tell the tale. They all are based on 12 months worth of numbers, to take any se
September Stats: New Orleans? Healthier? Us?
Despite mortgage rates hovering at or slightly above 8%, the real estate market in New Orleans is much healthier than it is in many parts of the country. Seriously. Yes, closed sales are off significantly from their pandemic peak in June 2021 - down a whopping 61%. The number of showings per li
August Stats - Prices Falling Slooooooooowly
The sharp rise in mortgage rates over the last year and a half has affected home prices in New Orleans, but not nearly as much as you'd expect. The months supply of homes has doubled since the start of 2022. More inventory and fewer buyers actively in the market would make you think prices have mo
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