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Why New Orleans-area home prices are skyrocketing | The New Orleans Advocate

Single-family home prices in New Orleans posted double-digit increases in the first half of this year and have now climbed nearly 50 percent from the period just before Hurricane Katrina.

Sales of single-family homes that were in average-or-better condition climbed 10 percent in the first six months of 2015, compared with the latter half of 2014, consultant Wade Ragas said Tuesday.

His numbers come from the New Orleans Metropolitan Association of Realtors and Gulf South Real Estate Information Network. The data do not include sales of multiple-family homes, townhouses, condominiums or vacant lots.

The ZIP codes in New Orleans that saw the most sales activity included Gentilly, Lakeview and the swath of Uptown between Nashville and Washington avenues, from South Claiborne Avenue to Tchoupitoulas Street.

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