Southeast Louisiana Market Update: What the Numbers Tell Us

By Gregg Tepper

I have been married to my wonderful wife Letha for 30 years. We have 3 children: Max, Alexander and Charlotte. I have been a licensed Realtor in the New Orleans area for 20 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 well over 40 years of experience. In 2024 we helped 132 families buy, sell and lease homes, land and commercial investments.

The story our market is telling right now is not simple. Pending sales are up across the board. Showings per listing are climbing. Buyers who sat on the sidelines are starting to make moves. But days on market are stretching longer in some areas, inventory looks completely different from one parish to the next, and the signals are genuinely mixed.

That’s what makes this update worth paying attention to. We pulled data comparing April 2025 to April 2026 across our four main parishes, Orleans, St. Tammany, Tangipahoa, and Jefferson, and every one of them is telling a different story.

Orleans Parish’s average sales price is $456,000, and with fewer homes on the market and increasing demand, prices have risen. St. Tammany is down about 6% on average sales price. Closed sales in St. Tammany are up 14%, while Orleans is up 6%, but Tangipahoa is actually down on closed sales despite having more inventory.

Days on market is one of the most interesting data points right now. Even in areas with fewer homes for sale and more demand, listings are sitting longer. Buyers have options. They can wait. They’re not in the multiple-offer frenzy we saw a few years ago, and that patience is showing up in the data.

On our end, we’ve taken a record number of listings this year. With 60-plus years of combined experience on the team, we’ve never listed more homes in a single stretch than we have these first few months. The desire to buy, sell, and invest is stronger than we’ve seen. People watched rates climb to 8% and lost 10% to 20% of their buying power. Now that rates have settled into the 6% range long enough to feel like the new normal, they’re ready to act.

Months supply tells a different story depending on which parish you’re in. Orleans has come down, which supports the price increases there. Tangipahoa is up 22% due to a wave of new construction. And showings per listing, one of our favorite indicators of real activity, are climbing in Orleans and St. Tammany.

The big picture is encouraging. We believe the market is gaining traction, and if we’ve hit the bottom, the direction from here should feel more positive for both buyers and sellers.

No industry in this country has created more wealth for families than real estate, and that starts with owning your own home. It builds community, it builds families, and that’s at the heart of everything we do.

Watch our video for the full quarterly breakdown, or jump to the sections that interest you most using the timestamps below:

00:00 — Quarterly Overview
00:50 — Pent-Up Demand
02:36 — Rates and Affordability
03:25 — Sales Price Data
05:50 — Pending Sales
06:42 — Days on Market
07:21 — Months Supply
08:30 — Market Outlook

Whether you’re curious about what your home is worth, thinking about buying, or exploring a refinance or investment opportunity, we’re happy to dig into the data for your specific neighborhood.

Real estate is a micro-market, and the trends in your area can look very different from the parish-wide numbers. We also have a mortgage company in-house, so if you’re looking to refinance, pull equity for renovations or a pool, or explore investment property, we can help with that, too. Call us at (985) 218-5445, email us at TGroup@kw.com, or visit findnolahomes.com.