New Orleans Real Estate Market Showing Showing Signs of Life

New Orleans Real EstateAfter several years of declines, the metro New Orleans area real estate market appears to be stabilizing, according to new figures from the New Orleans Metropolitan Association of Realtors.

The price per square foot of homes in the seven-parish metro area was essentially unchanged in the first half of 2012 compared with the same period in 2011, but the number of homes sold increased by 10 percent, suggesting that the market is improving.

The results varied by parish. Plaquemines Parish led the way with a whopping 17 percent increase in price from spring 2011 to spring 2012. Orleans Parish continued its growth with a 5 percent appreciation in price. Results in St. Tammany and St. Charles parishes were unchanged. Jefferson, St. John the Baptist and St. Bernard parishes saw declines.

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Authored By Rebecca Mowbray – See the Full Story at nola.com

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