New Orleans Multifamily Sales July 2026

Doubles Softened While Single Family Tightened. Here Is What the Data Shows.

The doubles market gave back its spring momentum this month. That is the story.

I pull 30 days of small multifamily sales data across New Orleans every month. Here is what July is showing.

Quick Reference

MOI: Months of Inventory. Active listings divided by monthly closing pace. Under 6 months = seller’s market. 6-7 months = balanced. Above 7 months = buyer’s market.

DOM: Days on Market. How long a property was listed before going under contract or closing.

New Orleans Doubles: Three Month Trend

Two months of tightening reversed in June. Active inventory ticked up. Closed sales dropped. DOM jumped from 41 to 54 days. MOI moved from 8.5 to 10.7.

Median closed price held at $347,500, essentially flat from May. The deals closing are still pricing well. Fewer of them are closing.

One month does not make a trend. Summer typically slows multifamily transaction volume in New Orleans. August will tell us whether this is seasonal or something more persistent.

New Orleans Triplexes: June 2026

Nine closings. Enough to report, not enough to lean on hard. MOI at 6.8 months sits right at the balanced market threshold. Median price holding in the range we have seen all year.

New Orleans Fourplexes: June 2026

Six closed sales. Small sample, read carefully. The spread between median active list price ($507,000) and median closed price ($355,000) is your negotiating window. That $152,000 gap has shown up consistently across multiple months.

Neighborhood Spotlight: Doubles

Tremé, Mid-City, and Gentilly: one or two closings each. Not enough to calculate MOI or draw conclusions. Bywater/Marigny has three closings, take it loosely. Uptown/Carrollton is the only neighborhood with enough volume to say something reliable this month.

Uptown/Carrollton

Ten closed sales at a median of $302,500 and 91 days median DOM. MOI at 3.8 months makes this technically a seller’s market for doubles. The 91-day DOM tells you buyers here are patient and selective even where supply is tighter.

Tremé

Last month: 10 closed sales at 23 days median DOM. This month: 2 closed sales at 196 days. One or two deals either way changes this number completely. Not a market shift, just a thin month. Watch August before drawing any conclusions.

Bywater/Marigny

Three closed sales at $420,000 median. Highest closed price of any neighborhood in this report. Consistent with how Bywater has priced for the past several years.

So...

The doubles market softened in June. Prices held. Volume dropped. DOM stretched.

That contrast with the single family market is worth noting. This month’s single family report showed 216 closings, 28 days median DOM, and MOI compressing from 8.2 to 5.9 in 90 days. The overall market is tightening. Multifamily is not following that lead right now.

Whether that is the summer calendar or something more persistent will show up in August data.

The gap between what sellers are asking and what buyers will pay remains wide across all three segments. The deals getting done are the ones where both sides found a number. Everything else is sitting.

If you own a double and have been watching these numbers, is June’s softening affecting your thinking about timing?

🏠🏠🏠🏠🏠🏠🏠 Philip Ewbank, Realtor | Keller Williams Realty New Orleans 8601 Leake Ave, New Orleans, LA 70118 C: 504.335.7481 | O: 504.862.0100 Each office independently owned & operated. Licensed in the state of Louisiana. License #0995700196