New Orleans Real Estate :: October 2015 Market Report

New Orleans Real Estate Market at a Glance

• Average single family home prices are up significantly from one year ago

• Year to date real estate sales are up 13% even though the number of homes sold has decreased slightly

• Days on market is creeping up, but that’s a normal occurrence during the 4th quarter

• There is currently a 6 month supply of homes for sale, an indication of a balanced real estate market that favors neither buyer or seller. However, that supply varies from neighborhood to neighborhood, with some areas firmly a seller’s market due to supply and demand.

 

New Orleans real estate market October 2015

All data provided by GSREIN

 

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