KEY TAKEAWAYS:
- Metro New Orleans residence gross sales fell 3.2% 12 months over 12 months in June, with common gross sales costs down 1.5%.
- St. Tammany Parish led main markets, posting a 1.6% improve in closed gross sales and an 11.5% soar in common gross sales value.
- Orleans Parish recorded the steepest declines, with closed gross sales down 12.1% and common gross sales costs falling 11.6%.
- 12 months-to-date metro gross sales stay up 6.6%, regardless of June’s slowdown, with the typical gross sales value rising 1.6% by the primary half of 2026.
After three consecutive months of year-over-year positive factors, residence gross sales cooled down in June throughout the New Orleans metro space, in keeping with the June 2026 Native Market Replace from the New Orleans Metropolitan Affiliation of Realtors (NOMAR). Each closed gross sales and common gross sales costs declined throughout the area, nevertheless, St. Tammany Parish stood out as a vibrant spot among the many space’s main markets, posting a 1.6% improve in gross sales and an 11.5% soar in gross sales costs.
Every month, NOMAR compiles statistics for the 10-parish New Orleans metro space, which incorporates Jefferson, Orleans, Plaquemines, St. Bernard, St. Charles, St. John, St. James, St. Tammany, Tangipahoa, and Washington.
In New Orleans metro, realtors offered 1,193 properties in June, a 3.2% decline from 1,232 gross sales a 12 months earlier. New listings additionally fell 12 months over 12 months, dropping 8.9% to 1,769. The common gross sales value throughout metro New Orleans declined 1.5% to $384,829, whereas common days on market elevated 6.5% to 66 days.
Regardless of the June quiet down, the metro market stays forward of final 12 months’s tempo by the primary six months. 12 months-to-date closed gross sales reached 6,197, up 6.6% from the identical interval final 12 months. The year-to-date common gross sales value can also be up 1.6% to $371,690. New listings are flat, down 0.1% to 11,443, whereas common days on market have elevated 2.9% to 71 days.
In response to Freddie Mac, the 30-year mounted mortgage charge is 6.49%, whereas the 15-year mounted mortgage charge is 5.82%. A 12 months in the past, the 30-year fixed-rate mortgage averaged 6.72%, whereas the 15-year fixed-rate mortgage averaged 5.86%.
Orleans Parish
In Orleans Parish, closed gross sales fell 12.1% 12 months over 12 months to 277 transactions in June. New listings dropped 10.2% to 415. The common gross sales value declined 11.6% to $499,816, whereas common days on market had been unchanged at 73 days.
12 months so far, Orleans Parish stays forward of final 12 months in closed gross sales, with transactions up 5.1% by June. The common gross sales value has elevated 0.6% to $495,184. New listings are down 5.8%, whereas common days on market have improved 6.2% to 76 days.
In Jefferson Parish, June closed gross sales declined 5.7% 12 months over 12 months to 313 transactions. The common gross sales value rose 0.8% to $333,988. Houses took longer to promote, with common days on market rising 24.5% to 61 days.
12 months so far, Jefferson Parish’s closed gross sales are flat, down 0.1% by June. The common gross sales value has risen 2% to $336,490, whereas new listings are down 0.3%. Common days on market have elevated 15.8% to 66 days.
St. Tammany Parish
St. Tammany Parish was the strongest of the most important parish markets highlighted within the June report. Closed gross sales elevated 1.6% 12 months over 12 months to 372 transactions, making it the one parish among the many main markets listed to put up a rise in closed gross sales for the month.
The parish additionally posted the biggest year-over-year improve in common gross sales value, rising 11.5% to $408,037. Houses additionally offered barely quicker, with common days on market enhancing 1.5% to 64 days. New listings declined 16.5% to 482.
12 months so far, St. Tammany’s closed gross sales are up 14% by June, whereas new listings have elevated 2.8%. The common gross sales value is up 1.3% to $374,798, whereas common days on market have elevated 1.5% to 67 days.
In St. Charles Parish, June closed gross sales declined 7.9% 12 months over 12 months to 35 transactions. New listings dropped 6.5% to 58, whereas the typical gross sales value fell 1.8% to $299,744. Common days on market elevated 35.1% to 77 days.
12 months so far, closed gross sales in St. Charles Parish are up 4.2% by June, whereas the typical gross sales value has elevated 11.1% to $327,855. New listings are down 6.2%, and common days on market have elevated 10.3% to 75 days.
