BUSINESSBATON ROUGE BUSINESS REPORT
Ascension’s home sales are growing despite affordability pressures
Ascension Parish's housing market shows growth in home sales despite affordability challenges and high mortgage rates. May 2026 saw a 9.7% increase in closed sales and a 2.9% rise in pending sales, with year-to-date sales up 4.1%. The median sales price rose 2.7% to $308,000, while inventory and days on market increased. Trey Willard of The W Group notes a balanced market with high demand for homes under $400,000 and more supply at higher price points.
Mentioned
Related Signal
Adjacent reporting
- US home sales surge to the fastest pace this year despite rising mortgage rates and prices
- Home sales surged in May to the highest level since December
- Mainland Chinese demand for Hong Kong homes grows on yuan gains and rising rents
- China’s property market shows more positive signs with price, sales upticks
- U.S. existing home sales surged in May to their highest level since December
- US New-Home Sales Increased in March to Fastest Pace of Year