The Southeast Louisiana real estate market shifted in 2024, and whether you’re buying or selling, staying informed is key.
Homes also took longer to sell last year. In 2023, homes sold in about 53 days. In 2024, it took 65 days—an extra 12 days on average. If you’re selling, this means adjusting your expectations and being ready for a longer wait.
Expired listings are also way up from 2023. In 2023, 6,571 listings didn’t sell. By 2024, that number jumped 29% to over 9,100. This rise in unsold homes points to issues like overpricing, poor marketing, or a slower market overall.
What does this mean for buyers and sellers? For buyers, the market is still competitive, but there are opportunities—especially in the luxury market. For sellers, it’s more important than ever to price your home correctly and have a strong marketing plan. Quick sales aren’t as common as they once were.
If you want to dive deeper into the Southeast Louisiana market or need personalized advice, I’m here to help. Call or text me at (985) 789-8717. Whether you’re buying or selling, let’s navigate the changing market together and make smart moves in 2024.
Want to work with us? Here are some ways to get involved.
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Get Pre-Approval There are a variety of different loan programs, so make sure to get pre-qualification for the specific programs that best suit your needs. Get Pre-Approval
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New Orleans Strongest Cash Offers Skip the stress, showings and open houses. Get a guaranteed offer on your home today. New Orleans Strongest Cash Offers
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Latest Housing Market Insights. Get our latest insights and tips to sell or buy a house. Latest Housing Market Insights
