Reporting period: July 2026 vs. July 2025 · Geography: Entire MLS, all residential properties · Source: New Orleans Metropolitan Association of REALTORS®.
Citywide snapshot
July compared with July 2025
| Metric | 2025 | 2026 | Change |
|---|---|---|---|
| New listings | 1,772 | 1,742 | −1.7% |
| Pending sales | 1,052 | 1,160 | +10.3% |
| Closed sales | 1,097 | 1,126 | +2.6% |
| Days on market until sale | 65 | 59 | −9.2% |
| Median sales price | $274,625 | $291,972 | +6.3% |
| Average sales price | $346,216 | $359,062 | +3.7% |
| Percent of list price received | 96.9% | 97.1% | +0.2% |
| Inventory of homes for sale | 5,982 | 5,712 | −4.5% |
| Months supply of inventory | 6.3 | 5.6 | −11.1% |
Year-to-date through July
Through July 2026, the report shows 12,799 new listings, 7,791 pending sales, and 7,194 closed sales. The year-to-date median sales price is $287,868, compared with $279,000 through July 2025.
What these numbers mean for a real decision
The July report shows stronger pending and closed sales activity than July 2025, higher prices, and lower reported inventory and months supply. These Entire MLS figures provide context; a specific property still requires analysis of its location, condition, property type, competition, insurance considerations, and goals.
Source: New Orleans Metropolitan Association of REALTORS® Local Market Update, Entire MLS, all residential properties, July 2026. Current as of August 7, 2026. The report notes that figures are rounded, sale concessions and downpayment assistance are not reflected in price metrics, and small samples can affect percentage changes.