Baton Rouge, LA 70810

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The Recent Market Trend Report For The City Of New Orleans

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City: Baton Rouge
State: LA
Zip: 70810
Fee: No
Provided By: Americanlisted

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The recent market trend report for the city of New Orleans, based on RealtyTrac.com statistics, show a lack of movement. The California based real estate database site estimates the median sales price as up only $1,000 or 1 percent from May 2012 to May 2013, with the median foreclosure sales price launching downwards nearly 10 percent for the same time frame. However, Realty Trac also shows the June distressed properties were 42 percent lower than the previous month and 5 percent lower than the same time in 2012. May home sales increased by 21 percent compared to April, with the median sales prices of a non-distressed home at $162,000. Everyone knows that New Orleans faced a unique set of local challenges with the changes brought about from Katrina that is still rippling through the economy and real estate market today. Statewide, Louisiana was saved from the huge volumes of distressed and foreclosures that hit many other states, but it was slower to recover after processing those sales.

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