| The U.S. housing market has undergone dramatic shifts over the past two decades. An early 2000s housing boom led to the devastating crash during the Great Recession. Recently, we saw record-breaking price surges during the COVID-19 pandemic. Understanding marketing stability is crucial for homebuyers and investors to make informed decisions. Researchers at Construction Coverage — a website specializing in construction insurance guides — examined price trends across states using data from 2000 to the present. The study found Louisiana was one of the most stable in the nation. Let’s dig into Louisiana’s numbers. Chance of experiencing a 5% price drop (2000–present): 2.3% Largest price drop (2000–present): $13,849 Largest price drop % (2000–present): 6.6% Median home price: $197,385 Percentage change in home price (2000–present): 92% For comparison, here are the statistics for the entire United States: Chance of experiencing a 5% price drop (2000–present): 26.4% Largest price drop (2000–present): $49,819 Largest price drop % (2000–present): 24.2% Median home price: $356,585Percentage change in home price (2000–present): 196% While Louisiana hasn’t seen the record growth in value that some states have, we’re less sensitive to volatility. |
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