"In July, home prices fell slightly from the month before, with a median listing price of $349,000. The number of listings on the market shrank 3.6% from last month, which is a bigger decrease than normal for this time of the year in New Orleans, and homes are also selling slower than at the same time last year."
"In July, there were 2,016 homes for sale in New Orleans, which was 3.6% less than the month before and 2.9% less than the same time last year. Meanwhile, active inventory across the nation rose by 1.9% from last month to 1,102,787. Homes in New Orleans take an average of 82 days to sell, according to July figures. This is six days more than the previous month and nine days more than the same month last year."
Median listing price in July was $349,000, reflecting a slight month-over-month decline. Price per square foot in New Orleans decreased 1.9% from the prior month, larger than the national decrease of 0.9%. Inventory in New Orleans totaled 2,016 homes, down 3.6% month-over-month and 2.9% year-over-year, while national active inventory rose 1.9% to 1,102,787. Homes in New Orleans averaged 82 days on market, six days longer than the previous month and nine days longer than a year earlier, compared with a national average of 58 days.
Read at SFGATE
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