|New Orleans Housing Stats|
This week we are going to take a look st some interesting housing stats for New Orleans East Bank over the last six months. This includes all properties (single family, multi-family, vacant land & condos) in all conditions (excellent to poor) over that time period.
Here's how homes were bought.
42% - conventional loans
41% - cash
10% - FHA loan
1% - VA loan
.005% - Bond for Deed
.005% - Owner Financing
The graph below shows the quantity of homes sold in a given price range along with the days on market.
The chart below shows the number of listings and when sold. A remarkable 40% of all listings sell within the first 30 days.
The average sales price over the last six months:
Dec. 2012 - $246,190
Jan. 2013 - $255,316
Feb. 2013 - $267,575
Mar. 2013 - $281, 865
Apr. 2013 - $286,339
May 2013 - $294,379
As you can see, the average price of properties continues to increase in value every month. I always find housing stats pretty interesting and the New Orleans market continues to go up and up.
Please join us for our next blog installment on Monday, June 17, 2013
Please view our neighborhood market data on Thursday, June 13, 2013
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