1st Quarter Median Home Prices in New Orleans Up

New Orleans Home Prices

2015 is starting out with a bang for a significant number of New Orleans home sellers.

Median sale prices are up dramatically when compared with the 1st quarter of the last 3 years, a pretty good indicator that we are in for another year of rising home prices in the city.

New Orleans home prices

How long is it taking to sell?

Days on market continues to drop this year, ending March at an average of 84 days from listing to close.

Average days to sell New Orleans real estate

Inventory is down as well

While prices are rising and homes are selling faster, your choices in New Orleans real estate are shrinking. March 2015 ended with 1,557 homes for sale. That’s over 900 fewer homes to choose from than just 3 years ago, pushing those prices up since demand has not lessened.

Number of active listings | New Orleans real estate

Interested in selling your New Orleans real estate? Call us at 504-327-5303 and we’ll be happy to show you our customized marketing plan designed to fit your home.

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