"In November, home prices rose moderately from the month before, with a median listing price of $333,450. The number of listings on the market remained practically unchanged from last month, but it 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."
"Typically, home price per square foot in New Orleans tend to fall in November. And the most recent data shows that the price per square foot decreased by 1.1% compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in the Big Easy are keeping pace with the national market."
"In November, there were 1,895 homes for sale in New Orleans, which was 0.3% more than the month before and 7.2% less than the same time last year. Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266. The number of new listings in New Orleans was 368, which was 7.5% less than the month before and 1.1% more than the same time last year. Nationally, the number of new listings fell by 14.1% from last month to 330,908."
Median listing price in New Orleans was $333,450 in November, representing a moderate month-over-month increase. Price per square foot in New Orleans decreased 1.1% from the prior month, closely matching the national decline of 1.2%. Active inventory in New Orleans totaled 1,895 homes, up 0.3% month-over-month and down 7.2% year-over-year. New listings numbered 368, down 7.5% month-over-month and up 1.1% year-over-year, while national new listings fell 14.1% to 330,908. Active inventory nationwide declined 2.5% to 1,072,266. Homes in New Orleans averaged 81 days on market, three days fewer than the previous month and one day fewer year-over-year; the national average was 64 days.
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