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January’s statistics are in, and residential gross sales costs are beginning the yr sturdy in New Orleans.

In January 2025, the typical dwelling gross sales worth in New Orleans metro was $363,218, up 13% year-over-year (YoY). Main parishes throughout the realm additionally noticed worth will increase. In Orleans Parish, the typical dwelling gross sales worth was $484,421, up 6.6% YoY. Jefferson Parish had a 12.3% YoY enhance, reporting a mean dwelling gross sales worth of $311,893 in January 2025. St. Tammany Parish went up 18.3% YoY with a mean dwelling gross sales worth of $391,419 in January 2025.

The New Orleans Metropolitan Affiliation of REALTORS (NOMAR) has revealed the January 2025 residential actual property statistics. Each month, NOMAR publishes statistics for the 10-parish metro space – Jefferson, Orleans, Plaquemines, St. Bernard, St. Charles, St. John, St. James, St. Tammany, Tangipahoa, and Washington.

The variety of closed gross sales in New Orleans metro was much like final January. There have been 886 closed gross sales in New Orleans metro in January 2025, up simply 0.2%. The typical days available on the market checked in at 73, up 5.8% YoY. New listings had been down 3.6% YoY with 1,635 new listings reported in January 2025.

Nationally, in keeping with the Nationwide Affiliation of REALTORS® (NAR), the median worth of properties on the market was $400,500, down 2.2% from the earlier yr. Houses spent 73 days available on the market, which was the slowest January since 2020. Sellers elevated their exercise this January as newly listed properties had been 10.8% above final yr’s ranges. Nationally, that put new itemizing exercise at its highest January degree since 2021.

Again to New Orleans metro, St. Tammany Parish had a optimistic month of closed gross sales to start the yr. There have been 180 closed gross sales in January 2025, up 12.5%. Nonetheless, Jefferson Parish and Orleans Parish had a discount in closed gross sales, evaluating final yr to this yr in the identical time interval. There have been 130 closed gross sales in Orleans Parish in January 2025, down 12.2% YoY, whereas there have been solely 145 closed gross sales in Jefferson Parish, down 31% YoY. St. Tammany Parish noticed the very best proportion enhance of recent listings. There have been 415 new listings reported in January 2025, up 15.6% YoY. Orleans and Jefferson parishes noticed slight declines with 517 new listings reported in Orleans Parish (-6.7% YoY) and 436 new listings reported in Jefferson Parish (-2.9% YoY).

Days on market stays excessive. Orleans Parish’s common DOM is creeping near 100 with a mean of 92 DOM in January 2025. St. Tammany Parish reviews 70 DOM. Jefferson Parish was the one parish to point out a lower on DOM, reporting 55 DOM in January 2025, which is down 17.9% YoY.