The end of the year is a great time to look at some housing statistics and comparing end of year to previous years gives insight into where the market is going. The following statistics are for the Garden District in New Orleans from 2004 to 2010, single family only. 2004 being the year before Katrina when every thing changed. You can see the housing market in New Orleans is doing quite well when compared to the rest of the country with prices increasing and days on the market decreasing. These statistics are culled from Gulf South Real Estate Information Network and are not verified by me. These numbers are an overview only and specifics about properties should be obtained from a Realtor®.
Single Family Average BR/B Sq Ft Median DOM #SOLD
2010 512,194 3/2 2817 364,500 92 97
2009 402,050 3/2 2456 280,000 116 95
2008 403,075 3/2 2344 273,700 111 72
2007 425,691 3/2 2391 349,500 71 90
2006 376,000 3/2 2096 300,000 50 99
2005 382,054 3/2 2289 259,500 65 114
2004 371,013 3/2 2404 236,000 68 117
DOM means number of days property was on the market;
BR/B means number of bedrooms/baths
[...] Market Report Garden District 2004-2010 [...]