A verified snapshot of all residential activity across the Greater New Orleans MLS area for August 2026, reported by the New Orleans Metropolitan Association of REALTORS® and current as of September 8, 2026.
August compared with August 2025
| Metric | 2025 | 2026 | Change |
|---|---|---|---|
| New listings | 1,587 | 1,569 | -1.1% |
| Pending sales | 1,042 | 1,089 | +4.5% |
| Closed sales | 1,063 | 1,034 | -2.7% |
| Days on market until sale | 67 | 63 | -6.0% |
| Median sales price | $275,750 | $290,000 | +5.2% |
| Average sales price | $339,072 | $372,474 | +9.9% |
| Percent of list price received | 96.5% | 97.0% | +0.5% |
| Inventory of homes for sale | 5,784 | 5,561 | -3.9% |
Year-to-date through August
Through August 2026, the report shows 14,403 new listings, 8,808 pending sales, and 8,278 closed sales. The year-to-date median sales price is $287,900, compared with $279,000 through August 2025.
What this means for a property decision
The report shows more pending sales and year-to-date closed sales than the prior year, while August closed sales were slightly lower. Median and average prices were higher, and reported months supply declined to 5.5. These are Entire MLS figures, so 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, August 2026. Current as of September 8, 2026. Figures are rounded; the report notes that small sample sizes can affect percentage changes and that rolling 12-month calculations combine the current month with the prior 11 months. Browse NOMAR’s official market-report tool.