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Since New Orleans entered phase one of returning to business, there has been an observable increase in real estate activity. While real estate is an essential service and transactions did close in April and May, many were in process before mid-March.
From showing requests and new listings alone, residents are returning to the market. According to Engel & Völkers New Orleans President Joyce Delery, “Isolation has created a positive trend we hope continues. People have been home and are realizing perhaps they need more space or they have too much.”
To read the full story, including recent market data, click here.
– Marty Brantley, Engel & Völkers