In August, New Orleans saw a 2.3% drop in home price per square foot, larger than the national 1.2% decrease. Median listing prices fell to $335,000. Listings dropped 5.3% from July and 10.3% year-over-year, with 1,908 homes available. Homes took 88 days to sell, longer than the previous month and national average of 60 days, indicating slower market activity.
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