KEY TAKEAWAYS:
- Closed gross sales in New Orleans metro rose 13.5% YoY in June
- Common residence worth throughout the metro reached $396,997
- Orleans Parish led with a 23.1% YoY worth enhance to $568,949
- 30-year mounted mortgage fee held at 6.72%, below 7% threshold
New Orleans actual property is heating up in the midst of the summer time. In June, the variety of closed gross sales within the New Orleans Metro space jumped 13.5% year-over-year, whereas the typical gross sales worth elevated 9.6% YoY, based on the June 2025 Native Market Replace.
The month-to-month report is revealed by the New Orleans Metropolitan Affiliation of Realtors (NOMAR) and consists of statistics for the 10-parish metro space – Jefferson, Orleans, Plaquemines, St. Bernard, St. Charles, St. John, St. James, St. Tammany, Tangipahoa, and Washington.
The numbers are good indicators for realtors as each the variety of closed gross sales and the typical gross sales worth skilled double-digit proportion will increase.
The typical gross sales worth is approaching $400,000 in New Orleans Metro as there was a mean price ticket of $396,997 calculated in June. The numbers are even higher in Orleans Parish the place the typical gross sales worth was a whopping $568,949 in June, up 23.1% YoY. Jefferson Parish‘s common gross sales worth is $338,557 (up 3.9% YoY), whereas St. Tammany Parish‘s common worth for a house is $373,567 (down 3.1% YoY).
Realtors had 1,184 closed gross sales in June, up 13.5% from the 1,043 transactions in June 2024. There have been 5,746 closed gross sales by means of the primary six months, that are close to the tempo of final 12 months – solely down 1.2% YTD. All three main parishes had double-digit proportion will increase within the variety of closed gross sales with Orleans Parish leaping 23.7% YoY with 303 closed gross sales in June; Jefferson Parish with 318 closed gross sales in June, up 19.1% YoY; and St. Tammany Parish with 358 closed gross sales in June, up 9.8%.
The typical days on market does stay excessive with a mean of 62 DOM in June 2025, which is up 21.6% YoY. The variety of new listings in New Orleans metro was down 3.3% YoY with 1,903 recorded in June 2025.
The 30-year mounted fee mortgage stays under the 7% threshold with a 30-year fixed-rate mortgage at presently 6.72%, whereas the 15-year fixed-rate mortgage stands at 5.86%, based on Freddie Mac.
