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New Orleans COVID-19 Real Estate Market Updates

New Orleans COVID-19 Real Estate Market Updates

April 23, 2020 By Crescent City Living

UPDATED AS OF 10/31/2020

Because everyone wants to know “how’s the market?”, we’ve put together our New Orleans COVID-19 real estate market update. What’s the impact of COVID-19 on real estate prices? Are people still showing, buying, and selling houses?

We could go with our guts, but let’s get down to the numbers because that’s the information that everyone wants to have. We’ll update these every month to track the trends and changes (you might want to bookmark this page to come back to later or subscribe to the market reports by clicking on the image and signing up there).

New Orleans Condos

https://crescentcityliving.com/market-report/New-Orleans-condos/1036776

New Orleans Single Family Homes

https://crescentcityliving.com/market-report/New-Orleans-Single-Family-Homes/1036810

New Orleans Multi- Family Homes

https://crescentcityliving.com/market-report/New-Orleans-Multi-Family-Homes/1038547

We’ve changed our stance on whether or not it’s time to list your home – if you’re ready to move, the market is favoring sellers in most areas.

We’re taking appropriate measures with our current listings to keep everyone safe, including virtual showings, and limiting the number of people visiting a property, but it’s not a fool-proof method. 

As the state hovers in Phase 3, we are seeing a shortage of properties in the under $250,000 price range. If your home falls into the affordable range and it doesn’t need a lot of work, you are likely to be able to sell quickly. Feel free to call us at 504-327-5303 to schedule a free seller consultation.

Showings

At the beginning of the stay at home order, property showings were down by over 50%, peaked at 28% higher in July, and ended September at 6.8% HIGHER than 2019. It’s an indicator that people are feeling comfortable with showings, and we’ve certainly been seeing an increase in showing requests and multiple offers.

What it’s not an indicator of is how safe those showings might be. Only you and your agent can decide on the best course of action to reach your real estate goals while maintaining some semblance of social distancing and personal safety as move through the phases of reopening the city.

Have questions about your particular neighborhood market? We’re happy to answer them! Contact your favorite agent here.

Related posts:

  • Algiers Real Estate Updates
  • West Bank Real Estate Update
  • French Quarter Real Estate Update
  • Condo Market Update

Filed Under: Market Reports Tagged With: coronavirus, market updates

Related Posts

Lakeview New Orleans Real Estate Market Update
New Orleans Condo Market 2020
St Bernard Parish Real Estate is Booming

Listings, Market Reports & Open Houses by Area

  • Algiers (West Bank)
  • Algiers Point (West Bank)
  • Audubon
  • Avondale (West Bank)
  • Bayou St John
  • Belle Chasse (West Bank)
  • Black Pearl
  • Bridge City (West Bank)
  • Broadmoor
  • Bywater
  • CBD & Warehouse District
  • Central City
  • City Park
  • Desire
  • East Carollton
  • East Riverside
  • Fairgrounds
  • Fillmore
  • French Quarter
  • Freret
  • Garden District
  • Gentilly Terrace
  • Gentilly Woods
  • Gert Town
  • Gretna (West Bank)
  • Harvey (West Bank)
  • Holly Grove
  • Holy Cross
  • Irish Channel
  • Jefferson
  • Kenner
  • Lake Shore & Lake Vista
  • Lake Terrace & Lake Oaks
  • Lakeview
  • Lakewood
  • Leonidas
  • Lower 9th Ward
  • Lower Coast & English Turn
  • Lower Garden District
  • Marigny
  • Marlyville & Fontainebleau
  • Marrero
  • Metairie
  • Mid City
  • Milan
  • Milneburg
  • Navarre
  • New Orleans East
  • Pontchartrain Park
  • River Ridge
  • Seventh Ward
  • St Anthony
  • St Bernard Area
  • St Claude
  • St Roch
  • Terrytown (West Bank)
  • Touro
  • Treme
  • Tulane / Gravier
  • Uptown
  • Uptown / Carrollton
  • Venetian Isles
  • Waggaman
  • West End
  • West Riverside
  • Westwego (West Bank)

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3205 Orleans Ave New Orleans, LA 70119

Telephone: +1 504.327.5303

Disclaimer: Multiple Listing Data provided at CrescentCityLiving.com is deemed reliable but not guaranteed. It is good practice to verify all information with a Real Estate Licensee before taking any action based upon this data. Listing data is made available for the use of consumers interested in the acquisition of real property only. Use of this data for any other purpose is strictly forbidden without the written consent of the Gulf South Real Estate Information Network.

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