September Market Update

The latest real estate numbers are in, and here is your current market report for the NOLA area.

Looking at the PPSQFT for single-family homes in Orleans, Jefferson, St. Tammany, and St. Bernard Parishes, we are still seeing appreciation in three of the four parishes. St Tammany Parish saw the largest appreciation at an increase of 11.6%, while St. Bernard saw a small price depreciation of -2%.
Whenever we see changes in price, one force likely to be influencing those numbers is inventory. Not just the number of homes for sale, but the months supply (standing inventory).


As we saw previously, St. Bernard Parish saw a -2% decrease in average PPSQFT and had the most significant percentage increase in both homes for sale and months supply at 56.2% respectively. Meanwhile, Orleans Parish saw the lowest percentage of appreciation and a 28.8% rise in homes for sale and months supply.
Though we are seeing an increase in inventory and a softening in appreciation (even slight depreciation), days on market remain quite low.
