Asking Prices and Inventory for Homes in New Orleans Louisiana

As of May 23 2011 there were about 9,237 single family and condo homes listed for sale in New Orleans Louisiana. The median asking price of these homes was approximately $172,000. Since this time last year, the inventory of homes for sale has decreased by 10.8% and the median price has decreased by 1.7%.

	May 23, 2011	Month/Month	Year/Year
Median Asking Price	$172,000	+0.6%	-1.7%
Home Listings/Inventory	9,237	0.0%	-10.8%

Recent Asking Price and Inventory History for New Orleans

Date	Single Family & Condo Inventory	25th Percentile Asking Price	Median Asking Price	75th Percentile Asking Price
05/23/2011	9,237	$124,000	$172,000	$267,500
05/16/2011	9,383	$123,000	$172,000	$267,000
05/09/2011	9,214	$123,000	$169,900	$265,000
05/02/2011	9,383	$123,000	$171,500	$268,750
04/25/2011	9,234	$122,400	$171,000	$265,000

New Orleans Asking Price History

The median asking price for homes in New Orleans peaked in April 2006 at $241,666 and is now $70,316 (29.1%) lower. From a low of $166,925 in February 2011, the median asking price in New Orleans has increased by $4,425 (2.7%).

25th, Median (50th) and 75th Percentile Asking Prices for New Orleans Louisiana

New Orleans Housing Inventory History

Housing inventory in New Orleans, which is typically highest in the spring/summer and lowest in the fall/winter, peaked at 11,631 in October 2007. The lowest housing inventory level seen was 6,073 in April 2006.

Housing Inventory for New Orleans Louisiana

New Orleans Asking Price and Inventory History

Date	Single Family & Condo Inventory	25th Percentile Asking Price	Median Asking Price	75th Percentile Asking Price
May 2011	9,304	$123,250	$171,350	$267,063
April 2011	9,086	$121,600	$170,175	$263,125
March 2011	9,225	$119,900	$166,925	$256,600
February 2011	9,280	$119,888	$166,925	$254,475
January 2011	8,945	$119,980	$167,700	$256,720
December 2010	8,869	$123,725	$175,125	$266,725
November 2010	9,687	$124,640	$169,920	$259,460
October 2010	10,121	$124,800	$169,975	$259,575
September 2010	10,421	$124,950	$172,850	$262,475
August 2010	10,540	$125,000	$174,980	$267,880
July 2010	10,436	$125,000	$175,000	$270,950
June 2010	10,460	$125,125	$175,000	$275,125
May 2010	10,386	$127,440	$176,400	$275,440
April 2010	10,257	$129,000	$176,335	$275,000
March 2010	9,845	$127,800	$175,000	$274,660
February 2010	9,559	$127,475	$174,900	$269,925
January 2010	9,432	$127,375	$174,888	$270,700
December 2009	9,702	$129,100	$174,950	$274,350
November 2009	10,000	$129,820	$177,380	$276,100
October 2009	10,044	$129,975	$179,675	$279,000
September 2009	10,209	$131,375	$181,130	$279,750
August 2009	10,305	$134,740	$184,960	$285,760
July 2009	10,250	$135,775	$188,200	$287,225
June 2009	10,083	$138,800	$189,420	$291,960
May 2009	9,941	$139,800	$192,200	$297,036
April 2009	9,925	$139,700	$192,475	$296,875
March 2009	9,638	$139,380	$189,900	$295,400
February 2009	9,456	$139,800	$189,850	$290,725
January 2009	9,611	$140,734	$191,536	$294,767
December 2008	9,987	$142,171	$194,354	$302,977
November 2008	10,224	$143,562	$197,081	$310,923
October 2008	10,470	$145,000	$199,900	$319,134
September 2008	10,500	$148,998	$207,400	$324,980
August 2008	10,910	$149,400	$209,700	$325,000
July 2008	10,804	$149,974	$214,850	$329,350
June 2008	10,892	$149,979	$216,200	$330,000
May 2008	10,905	$150,000	$219,000	$333,100
April 2008	10,937	$150,000	$218,250	$332,100
March 2008	10,726	$150,174	$215,120	$330,000
February 2008	10,562	$149,900	$212,725	$328,125
January 2008	10,617	$149,925	$212,350	$329,225
December 2007	10,951	$152,560	$216,280	$331,660
November 2007	11,395	$153,975	$218,875	$336,500
October 2007	11,631	$153,580	$219,180	$335,597
September 2007	11,476	$154,975	$221,925	$339,575
August 2007	11,140	$158,025	$226,675	$346,625
July 2007	11,352	$158,500	$229,180	$349,460
June 2007	11,199	$158,875	$230,625	$350,225
May 2007	10,907	$158,725	$231,225	$353,062
April 2007	10,509	$156,140	$231,560	$357,800
March 2007	9,895	$150,450	$229,225	$355,000
February 2007	9,628	$149,125	$227,850	$352,475
January 2007	9,353	$146,928	$226,400	$349,960
December 2006	9,532	$144,975	$225,750	$354,725
November 2006	9,673	$144,925	$226,250	$354,725
October 2006	9,529	$143,860	$225,720	$356,460
September 2006	9,243	$141,450	$228,450	$365,675
August 2006	8,784	$145,225	$229,950	$376,200
July 2006	8,104	$147,760	$229,900	$370,546
June 2006	7,463	$149,087	$232,700	$373,350
May 2006	6,778	$150,440	$238,260	$383,560
April 2006	6,073	$152,500	$241,666	$383,300