09/20/2020
The real estate market in New Orleans is currently a Warm Seller's Market. In a Hot Seller's market, there is a high demand for real estate. A seller could receive multiple offers on their property, could expect to sell their home quickly, or sell for higher than what was originally listed due to a bidding war between buyers. In a Warm Market, the demand for real estate isn't as high, which means a seller should not expect all of the earlier mentioned benefits of a hot market.
Average days on market: 103
Source: Zillow New Orleans Report
