"In July, home prices fell moderately from the month before, with a median listing price of $354,500. The number of listings on the market grew 8%, which is a bigger increase than normal for this time of the year in New Orleans, and homes are also selling close to the same pace as the same time last year. Nationally, home prices decreased 1.2%."
"In July, there were 2,186 homes for sale in New Orleans-8% more than the month before and 21% more than the same time last year. And there were 422 new listings, which is 7% less than the month before and 6% more than the same time last year. Homes in New Orleans take an average of 73 days to sell, according to July figures, which is slower than usual for this time of the year."
Median listing price in New Orleans was $354,500 in July, marking a moderate month‑over‑month decline. Price per square foot decreased 0.6% from the prior month, while nationwide home prices fell 1.2%. Active listings in New Orleans totaled 2,186 in July, up 8% from the previous month and 21% year‑over‑year, with 422 new listings (7% fewer month‑over‑month, 6% more year‑over‑year). Nationally, active inventory rose 15% and new listings fell 6%. Average time on market in New Orleans was 73 days—one day longer than June and two days longer than last July—compared with 51 days nationally.
Read at SFGATE
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