KEY TAKEAWAYS: New Orleans metro home sales rose 1.7% in 2025, totaling 11,865 transactions. Average sales price increased 4% to $357,833, with homes spending 68 days on market. St. Tammany, Jefferson, and Orleans parishes showed strong annual price and sales gains. Mortgage rates remained nea r 6.15% for 30-year fixed loans, supporting higher purchase activity. The New Orleans metro area housing market wrapped up 2025 with encouraging momentum, posting year-to-date (YTD) gains in both home sales and prices, according to the December 2025 Local Market Update published by the New Orleans Metropolitan Association of REALTORS (NOMAR). Realtors closed 11,865 home sales in the New Orleans metro area in 2025, an increase of 1.7% from the 2024 total of 11,668 closed sales. The average sales price in New Orleans metro was $357,833, up 4% from the 2024 average sales price of $344,232. Homes averaged 68 days on the market in 2025, which was up 9.7% from the average DOM of 62 in 2024. There were 20,967 new listings in 2025, down 4.2% compared to the 21,895 listings in New Orleans metro in 2024. Every month, NOMAR includes statistics for the 10-parish New Orleans metro area – Jefferson, Orleans, Plaquemines, St. Bernard, St. Charles, St. John, St. James, St. Tammany, Tangipahoa, and Washington. In terms of year-over-year (YoY) comparisons in the New Orleans metro area, closed sales were down 3.9% with 964 closed sales reported in December 2025, but the average sales price was up 2.5% YoY with an average price of $368,778 reported in December. Homes averaged 74 days on the market in December 2025, up 12.1% YoY. There were 1,0654 new listings in the New Orleans metro area in December 2025, down 7.8% YoY. St. Tammany, Jefferson, and Orleans Parishes show annual gains The annual statistics for St. Tammany, Jefferson, and Orleans Parish housing markets all mirrored the closed sales and price increases experienced in the New Orleans metro area. St. Tammany Parish turned in a double-digit percentage increase in closed sales with 3,587 completed transactions in 2025, up 10.8% YTD. The average sales price for a St. Tammany home was $366,361 in 2025, up 1.9% YTD. In Orleans Parish, there were 2,653 closed sales in 2025, which was up 2.4% YTD. The average sales price for an Orleans Parish home was $467,252 in 2025, which was up 2% YTD. Jefferson Parish had a 6.8% YTD increase in its average sales price with a home selling for an average of $330,892 in 2025. Jefferson Parish was the lone major parish to show a YTD decrease in closed sales, albeit slightly. There were 3,209 closed sales in Jefferson Parish last year, which was down 2% YTD. According to Freddie Mac, the 30-year fixed mortgage rates remained around 6.15% throughout 2025, while 15-year fixed mortgage rates averaged around 5.5%. Purchase applications are up over 20% from a year ago. As of Jan. 8, the 30-year fixed-rate mortgage was 6.16%. A year ago, at this time, the 30-year FRM averaged 6.93%. The 15-year fixed-rate mortgage is 5.46%, compared to 6.14% for a 15-year FRM at this time last year. ...read more read less