The average sale price for Orleans Parish saw a welcoming increase from this year’s third quarter, jumping to an average sales price of $387,489 for residential homes in the 4th Quarter. November provided the area’s highest average sales price to an impressive $426,672, a whopping 27% increase from November 2018.
The median sales price in the 4th Quarter also took a slight upward tick from a positive 3rd Quarter by increasing .48% to a medium sales price of $287,667.
November also saw the highest square foot per price that Orleans Parish has seen, averaging at $193 for November and overall average of $187 for the 4th Quarter.
The average days on market continued to decline in the 4th Quarter, finishing December with an average of 53 days on market.