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New Orleans home prices rise despite slow sales
Summary by New Orleans CityBusiness
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New Orleans home prices rise despite slow sales
KEY TAKEAWAYS: Metro New Orleans home prices rose 2.5% YoY to $368,907 in May Closed sales dropped 6.9% YoY; new listings fell 9.3% Orleans Parish homes near $500K average price, up 5.1% 30-year mortgage rate remains under 7% for 21 weeks The New Orleans residential real estate market continues to tell a story of “good news, bad news” in 2025. Thus far in 2025, the good news has been that local sales prices are holding strong, but the bad …
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