New Orleans' single-family market accelerated this April. Across 12 tracked zip codes, total closed sales rose while average days on market dropped sharply — from over 90 days to around 70. Pending activity climbed significantly, confirming sustained buyer engagement heading into summer. The tightest markets (Uptown, Mid-City, Lakeview) are seller-favored; the historic districts and Eastbank remain buyer-friendly with substantial negotiating room.

Uptown's market tightened significantly this spring. Months of supply compressed from 6.5 to 3.9, moving firmly into seller's territory. Homes are selling in 37 days — nearly three weeks faster than last April. With active inventory down 25.7% and pending sales up 31.3%, buyers in this price range should expect competition.

The university corridor showed mixed signals: closed sales dipped 20.8% while pending activity surged 34.6%. DOM improved dramatically from 122 to 66 days, suggesting a market that's clearing backlog. At $503,250 median and 6.6 months of supply, this area offers more negotiating room than its Uptown neighbor.

The Garden District and Lower Garden District remain heavily buyer-favored at 12.6 months of supply. However, sale-to-list ratios improved from 93.5% to 97.9%, meaning sellers who price correctly are getting closer to asking. Median price rose 4.8% to $492,500. Patience remains essential on both sides.

Mid-City delivered one of the strongest turnarounds in the metro. Closed sales jumped 37.5%, months of supply collapsed from 9.6 to 5.4, and price per square foot surged 23.5%. At $341,000 median, this neighborhood offers relative value with accelerating demand — a combination that won't last.

Gentilly and Bayou St. John saw pending sales surge 73.9% year-over-year — the strongest demand signal on the Eastbank. Months of supply fell from 8.2 to 5.8 (balanced), median price rose 8.8% to $297,500, and DOM halved from 122 to 51 days. This neighborhood is transitioning from buyer-favored to competitive.

Lakeview's fundamentals are strong: absorption doubled, DOM halved to 55 days, and months of supply fell from 7.3 to 4.3. The 13.4% median price dip (to $552,000) reflects last year's elevated comps rather than a correction — price per square foot actually rose 6.8%.

The French Quarter and Tremé remain deep in buyer's market territory at 22.6 months of supply. With 9 closed sales and DOM stretching to 151 days, this micro market requires patience and strategic pricing. Pending activity did nearly triple (7 to 19), hinting at a slowly building pipeline.

Marigny/Bywater's 119.9% median price jump to $417,750 reflects the mix of 10 sales rather than broad appreciation. At 16.2 months of supply and 92.9% sale-to-list ratio, this remains a buyer's market where negotiation is expected and pricing discipline is essential for sellers.

With just 3 closed single-family sales, CBD/Warehouse District data is directional only. Months of supply at 20.7 confirms deep buyer's market conditions for residential. Pending activity tripled from 2 to 6, but this market is driven by condos and mixed-use — not single-family transactions.

Algiers saw closed sales more than double (6 to 13) while months of supply collapsed from 16.3 to 7.8. Median price dropped 29.3% to $187,250, reflecting a shift toward the neighborhood's more affordable inventory. For buyers seeking value, this is the metro's most dynamic affordability story.

Algiers Point and English Turn shifted from seller's (4.1 MoS) to buyer's territory (7.6 MoS) as closed sales fell 40.7%. The silver lining: 99.1% sale-to-list ratio — the highest in the territory — means homes that sell are trading at essentially full price. Median rose 9.9% to $195,000.

New Orleans East recorded 6 sales with a median that more than doubled to $154,358. At this volume, individual transactions drive all metrics — trends aren't reliable. DOM extended to 109 days and months of supply rose to 8.7. This market requires conservative pricing and realistic timelines.