Louisiana Inventory Changes by ZIP Code – June 27, 2025 Data Snapshot

  • Louisiana Inventory Changes by ZIP Code – June 27, 2025 Data Snapshot

    Posted by Mary C on June 27 at 10:15

    📊 State Snapshot

    • Louisiana added 4,996 new home listings in May 2025. That’s a slight drop from April’s 5,086, but it still shows steady market activity.
    • In the New Orleans–Metairie metro area, active listings jumped to 4,026 up from 3,933 in April and 3,825 in March. Inventory is rising and giving buyers more to look at.

    🏨 What’s Going on in Local ZIP Codes

    Here’s what we’re seeing in Orleans Parish and nearby ZIPs:

    • Orleans Parish had 460 new listings in May.
    • Median home values in New Orleans dropped about 4%, now sitting around $245,364.
    • Homes are taking longer to sell about 50 days in pending status.
    • Across the metro area, prices fell 3.4% year-over-year. The current median sale price is $349,500, with homes spending about 61 days on the market.

    📉 What This Means for Buyers and Sellers

    • In areas like 70114 and 70117, inventory is up and prices are cooling off.
    • Buyers now have more choices and more negotiating power.
    • Sellers should expect longer wait times before their home sells and may need to price more competitively.

    🔍 Bigger Picture: National Trends

    • Nationally, new listings are up 5.7% compared to last year. Inventory is rebounding, and prices are mostly holding steady.
    • Louisiana is following the same pattern. After a hot few years, things are leveling out.

    📈 May 2025 Listing Recap

    • New Listings Across Louisiana: 4,996
    • Active Listings in New Orleans MSA: 4,026

    Inventory continues to build, and the effects are visible across key ZIP codes.

    🔭 Key Takeaways

    • Listings are holding strong, even if they’re slightly down from the month before.
    • The New Orleans area is seeing more homes on the market each month.
    • Sellers should be ready for longer listing periods.
    • Buyers now have more power and more options.

    🔗For more information, visit Nadlan Capital Group.

    Mary C replied 1 week, 5 days ago 1 Member · 0 Replies
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