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 move
July Stats - Taking Twice as Long to Sell
It's taking more than twice as long to sell a home in New Orleans compared to last July. The median number of days it took to get a property under contract in July was 33. Keep in mind, that means half of the homes were on the market longer than that. That jump looks startling because homes sold fas
June Stats: Why Aren't Prices Dropping?
For this month's market report, I could post two charts, put my feet up, open a cold one and be done with it. (mmmmmm...beeeeeeeeer) But that's not my style, and you all deserve better. Still, this won't take long. Let's start on the demand side. The last time we had fewer closed sales than we had t
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