KEY TAKEAWAYS: The New Orleans metro average sales price rose 8.7% in August to $369,344. Orleans Parish prices jumped 16.4% to $493,953, while closed sales increased 3%. Metro closed sales fell 3.2% year over year to 1,071, but year-to-date sales remain 6.1% higher. St. Tammany Parish year-to -date sales increased 11.1%, the strongest growth among the major parish markets highlighted.   The New Orleans metro residential real estate market showed mixed signals in August, with fewer closed sales but sharply higher average sales prices across the region. The average sales price across metro New Orleans rose 8.7% to $369,344, led by Orleans Parish with a 16.4% jump in average sales price to $493,953. Each month, the New Orleans Metropolitan Association of Realtors compiles statistics for the 10-parish New Orleans metro area, which includes Jefferson, Orleans, Plaquemines, St. Bernard, St. Charles, St. John, St. James, St. Tammany, Tangipahoa, and Washington parishes. According to NOMAR’s August 2026 Local Market Update, realtors sold 1,071 homes in August, a 3.2% decline from 1,106 sales a year earlier. Average days on market improved 4.5% to 64 days. New listings were nearly flat, down 0.4% year over year to 1,629. The metro market also remains ahead of last year’s pace through the first eight months. Year-to-date closed sales reached 8,544, up 6.1% from the same period last year. The year-to-date average sales price is also up 2.6% to $368,470. New listings are nearly flat, up 0.1% to 14,936, while average days on market have increased 1.5% to 69 days. According to Freddie Mac, the 30-year fixed mortgage rate averaged 6.76% as of Sept. 10, while the 15-year fixed mortgage rate averaged 6.09%. A year earlier, the 30-year fixed-rate mortgage averaged 6.35%, while the 15-year fixed-rate mortgage averaged 5.50%. August 2026 – Residential Real Estate Parish Breakdown Orleans Parish Orleans Parish posted one of the strongest August price gains among the major parish markets. Closed sales increased 3% year over year to 237 transactions, while new listings rose 1.5% to 406. The average sales price increased 16.4% to $493,953, while average days on market improved 14% to 74 days. Year to date, Orleans Parish remains ahead of last year in closed sales, with transactions up 6.7% through August. The average sales price has increased 3.6% to $493,385. New listings are down 4.4%, while average days on market have improved 6.3% to 75 days. Jefferson Parish In Jefferson Parish, closed sales declined 6.9% year over year to 298 transactions in August. New listings increased 2.3% to 450. The average sales price rose 6.5% to $342,846, while average days on market improved slightly, down 1.7% to 59 days. Year to date, Jefferson Parish’s closed sales are nearly flat, down 0.7% through August. The average sales price has risen 1.4% to $334,153, while new listings are up 0.6%. Average days on market have increased 10.3% to 64 days. St. Tammany Parish St. Tammany Parish continued to show steady activity in August. Closed sales increased 0.6% year over year to 330 transactions, while the average sales price rose 4.1% to $363,089. Homes also sold faster, with average days on market improving 9.5% to 57 days. New listings declined 2.2% to 452. Year to date, St. Tammany remains one of the strongest major parish markets for sales growth. Closed sales are up 11.1% through August, while the average sales price has increased 1.9% to $370,490. New listings are up 1.2%, and average days on market have improved 3.1% to 63 days. St. Charles Parish St. Charles Parish moved differently from the larger parish markets in August. Closed sales were unchanged year over year at 38 transactions, while new listings increased 20% to 54. The average sales price declined 4.3% to $329,716, and homes took longer to sell, with average days on market increasing 19.4% to 74 days. Year to date, St. Charles Parish remains ahead of last year in both sales and prices. Closed sales are up 2.6% through August, while the average sales price has increased 6.5% to $322,023. New listings are down 2.1%, and average days on market have increased 4.4% to 71 days. ...read more read less