"In September, home prices fell slightly from the month before, with a median listing price of $331,888. The number of listings on the market shrank 2.6% from last month, which is a bigger decrease than normal for this time of the year in New Orleans, and homes are also selling close to the same pace as the same time last year."
"Typically, home price per square foot in New Orleans tend to rise in September. And the most recent data shows that the price per square foot increased by 0.2% compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in the Big Easy are outpacing the national market."
"In September, there were 1,858 homes for sale in New Orleans, which was 2.6% less than the month before and 6.6% less than the same time last year. Meanwhile, active inventory across the nation rose by 0.2% from last month to 1,100,407. Homes in New Orleans take an average of 91 days to sell, according to September figures. This is three days more than the previous month and four days more than the same month last year."
Median listing price in New Orleans was $331,888 in September, representing a slight month-to-month decline. The number of listings fell 2.6% from the prior month and 6.6% from the same month last year, a larger-than-normal seasonal decrease. Price per square foot in New Orleans increased 0.2% month-to-month while national price per square foot decreased 0.8%, indicating local price strength relative to the national market. Active inventory nationwide rose 0.2% to 1,100,407. Homes in New Orleans averaged 91 days on market, three days longer than the prior month and four days longer than the same month last year, versus a national average of 62 days.
Read at SFGATE
Unable to calculate read time
Collection
[
|
...
]