Data from the end of 2015 continues to roll in, and a report from the New Orleans Metropolitan Association of Realtors provides more proof that New Orleans home prices are skyrocketing.
The study compares average prices per square foot from the last half 2014 to the last half of 2015. By the end of 2015, New Orleans home prices rose by 14 percent; the average house sold for $356,000 in the last half of the year.
Some perspective? The data means that since Hurricane Katrina, average home prices in the city are 51 percent higher.
· New Orleans home prices continue to skyrocket, up 14 percent last year [NOLA.com]
· Louisiana: Not Doing So Well, According to Data [Curbed NOLA]