Halfway Through 2024: Key Real Estate Trends in Our Area

By Gregg Tepper

I have been married to my wonderful wife Letha for 27 years. We have 3 children: Max, Alexander and Charlotte. I have been a licensed Realtor in the New Orleans area for 17 years and am the Operator of The Tepper Group with Keller Williams Realty in Mandeville. Our team services the entire New Orleans and Baton Rouge metro areas. Our team of partners has over 40 years of experience. We helped 141 families buy, sell or lease in 2022.

If you have any plans to buy or sell real estate in New Orleans, you need to understand the market to make more informed decisions. That’s why today, I will share the mid-year real estate market update for our area. We’ll go over home prices, the average days houses spend on the market, and much more.

Feel free to watch the complete video or use the timestamps below to browse through the topics that interest you the most:
0:00—Introduction
1:42—No foreclosure wave predicted
2:10—Homes that don’t have mortgages
2:38—Mortgages with low balance
3:37—Updates in different parishes
3:56—Market comparison
5:46—Days on market
6:54—Increased inventory
7:50—Home affordability
9:53—Sellers should stage their homes
10:14—Buyers should negotiate home prices
10:28—Get pre-approved early
11:42—Wrapping up

Remember, real estate remains a powerful avenue for building long-term wealth, and understanding these insights is the key to buy or sell in the market successfully. If you have any questions, please feel free to call or email us. We would be happy to help. We look forward to hearing from you!