Year in Review: Recapping New Orleans’ Housing Market From 2023

Here’s what you need to know about 2023’s market as we head into 2024.

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.

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What happened to our real estate market in 2023? It was a wild year in real estate, with plenty of ups and downs. However, it’s not time to leave it behind just yet. Today, I’m recapping all the important developments from last year’s housing market that you need to know. If you’re planning on buying or selling a home in 2024, this is information you should be aware of.

You can listen to my full explanation in the video above or skip to each topic using the timestamps provided:

0:00 — Introduction

0:48 — Homes for sale

2:30 — Sales prices

4:48 — Closed sales

6:42 — Showings per listing

8:34 — Takeaways for buyers and sellers

9:41 — Pending sales

10:36 — Final thoughts

If you have questions about this topic or anything else, please call or email me. I am always willing to help!