You May Not Be Moving Yet, But You’re Paying Attention

Maybe you're not house-hunting. Maybe you're not listing. But if you’re like many in the Greater New Orleans area, you're quietly tracking the real estate market for your future, your kids, your friends, or your clients.

And 2025 is giving us a lot to watch.

The Greater New Orleans real estate market is in a unique phase. It's not surging and it's not crashing. It's recalibrating. Whether you’re considering your next move or simply want to be the person others turn to for housing advice, here’s what matters most right now.

Key Market Shifts So Far in 2025

Prices Are Holding Steady (For Most)

• Metro-wide median sale price: $275,000 (up ~1.9% YoY)

• Average sale price: $355,004 (+4.6% YoY)

• Higher-end homes (above $400K) are seeing solid demand

• Entry-level homes (under $300K) are feeling pressure from insurance and affordability challenges

Homes Are Taking Longer to Sell

• Average days on market: 73 (up 9% from 2024)

• Orleans Parish is slower than others. April averaged 98 DOM

Fewer Homes Are Selling, But Buyers Are Warming Up

• Sales were down 5.7% year-to-date (3,350 homes sold)

• Pending sales in April 2025 jumped nearly 10%, which is a good sign for summer activity

Inventory Is Up Slightly, Creating More Choice

• 5,959 homes were for sale in April (virtually flat year-over-year)

• There is now approximately 6.1 months of inventory, which is considered a balanced market

What This Means for Your Krewe?

If you're part of someone's inner circle (family, friends, coworkers), they may be turning to you for insights. Here’s what you can share:

It’s not 2021 anymore.
Today’s market isn’t a bidding war frenzy. Most homes sell for 96 to 97 percent of asking price, and about 30 percent undergo price drops.

There’s opportunity in the middle.
Homes priced between $300K and $500K are moving steadily, especially in suburbs like Metairie, Mandeville, and Slidell.

It’s a good time to plan.
Sellers have more time to prepare. Buyers have more time to shop. This breathing room creates smarter decisions.

So, What Can You Do With This Information?

You don’t have to be buying or selling to stay informed. In fact, understanding the market allows you to:

• Help someone make a smart move

• Time your own future sale or purchase strategically

• Feel confident in conversations about the market

The Williams Team is Here When It Matters

At The Williams Team, we believe in integrity over shortcuts, strategy with soul, and putting people first, always. If you or someone you care about needs guidance on what’s next, we’re just a call away.

Let’s talk about what matters most to you.