KEY TAKEAWAYS:

November closed sales in New Orleans metro fell 6.1% YoY to 810 homes.

Average sales price rose 3.8% YoY to $346,015, continuing a four-month increase.

St. Tammany Parish saw 7.1% YoY growth in closed sales; Jefferson Parish up 4.6%.

Mortgage rates remain favorable, with 30-year fixed at 6.19% and 15-year fixed at 5.44%.

It was good news and bad news in November for the New Orleans metro area residential real estate market. The three month streak of the number of closed sales increasing has come to an end, but average sales prices continued to climb for the fourth consecutive month.

Realtors sold 810 homes in the New Orleans metro area in November, a year-over-year decrease of 6.1%, and the average sales price in November improved 3.8% YoY, up to $346,015, according

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