"Rising demand and limited supply have driven U.S. home prices up by nearly 4% so far in 2024, with coastal areas experiencing even higher price increases."
"Coastal communities are incredibly sought after, yet the number of homes available near the ocean is limited, contributing to skyrocketing home prices across many locations."
"The typical American home was listed for $425,000 in September 2024, reflecting a general expense increase in the housing market this year despite some recent declines."
"In Louisiana, however, despite being a coastal state, home prices have not meaningfully increased, with a median list price remaining at $275,000 since January 2024."
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