Nationwide, the real estate market took kind of a beating as 2025 came to a close. Analysis by Redfin finds more than 16 percent of pending home sales fell through when the buyers backed out. The New Orleans market managed to buck the trend.
Locally, just a shade under 11 percent of pending home sales fell through in the last month of 2025.
"That's what normally would be expected for a cancellation rate in New Orleans in the month of December," said New Orleans real estate analyst Arthur Sterbcow.
Sterbcow said Redfin's data concentrated on big markets, like Atlanta and Chicago.
But inventory of homes for sale in New Orleans remains on the high side. Sterbcow says it is about a five months supply.
"We're on the slow side, but it's better than last year," he said. "Last year, we had a six months supply of homes in December, so, we're a little bit better."
Sterbcow says it may stay that way until wind and hail insurance rates come down.