Buyers in the Big Easy Looking at the Burbs

Perhaps it’s a sign that home values in New Orleans have peaked.

After years of surging, prices in the Big Easy’s high-demand neighborhoods were flat or declined during the first six months of 2019 while suburbs like Marrero and other parts of Jefferson Parish and St. Bernard Parish saw the biggest jumps.

"There has been a lightening-up period in terms of (price) appreciation," said real estate consultant Wade Ragas, who compiled the data. "Orleans Parish had been taking all the air out of the room, but about a year ago it started to shift and suburban parishes started to have more increases."

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