Home prices in New Orleans soar 14% - FOX 8 WVUE New Orleans News, Weather, Sports, Social

Home prices in New Orleans soar 14%

Home prices in New Orleans soar 14%

The New Orleans Metropolitan Association of Realtors notes the average house in New Orleans sold for about $356,000 in the last half of 2015.  (Source: FOX 8 Photo) The New Orleans Metropolitan Association of Realtors notes the average house in New Orleans sold for about $356,000 in the last half of 2015. (Source: FOX 8 Photo)
NEW ORLEANS, LA (WVUE) -

Soaring prices help create a sellers' market for homeowners in New Orleans.

According to our partners a Nola.com|The Times-Picayune, the average price of a home jumped 14 percent last year. They looked at figures from the New Orleans Metropolitan Association of Realtors. The association notes the average house in New Orleans sold for about $356,000 in the last half of 2015.

In Jefferson Parish, prices jumped about four percent last year. Saint Bernard performed a little better with prices jumping five percent. Saint Tammany Parish finished the year with growth of 3.6 percent.

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