• Louisiana

  June 2025 Housing Report: What’s Happening in Louisiana’s Real Estate Market

  Posted by Mary C on June 13 at 13:55

  🏡 Louisiana Housing Market Snapshot – June 2025

  The Louisiana housing market has seen a few shifts lately. While home prices are holding steady, there’s been a noticeable drop in the number of homes hitting the market. Here’s a breakdown of what’s going on:

  🔢 Inventory & Listings Are Tighter

  • About 16,568 homes were listed in May—down 4% from last year.
  • New listings also dipped slightly to 3,904, a 2.8% decrease from last May.
  • Months of supply is hovering around 3 months, showing no major change year-over-year.

  👉 What this means: Fewer homes on the market gives sellers a bit of an advantage, but it’s not overly competitive just yet.

  ⏳ Homes Are Selling a Bit Faster

  • Median days on market (DOM): 52 days in May, which is 5 days quicker than the same time last year.
  • Many homes are going under contract in just 34 days.

  👉 What this means: Buyers are acting faster, especially when well-priced homes show up.

  💰 Home Prices Are Climbing – Slowly

  • The median sale price is now around $260,500, up 2.4% year-over-year.
  • List prices are just a bit higher at $269,967.
  • Average home value sits at $210,758, actually down a bit by 1.1% compared to last year.

  👉 What this means: Sale prices are holding strong, but there’s some softness in property valuations and asking prices.

  🧱 What About New Builds & Negotiation Trends?

  • 12.5% of homes are selling for more than asking price.
  • But 30.7% are selling below asking—meaning price cuts are happening more often.
  • Overall, sellers are getting about 97.2% of their list price.

  👉 What this means: There’s still room for negotiation. Bidding wars are not the norm.

  🌟 The Big Picture

  • Insurance costs and high interest rates (around 7%) are holding some buyers back.
  • Urban areas like large metros remain the most active, while smaller markets are feeling affordability pressure.

  ✅ Final Thoughts

  • The Louisiana market is stable but leaning slightly toward sellers:
  • Homes are selling faster than last year.
  • Fewer listings make competition stronger in some areas.
  • Prices are still rising just not rapidly.
  • More sellers are making price concessions to get deals done.

  For more information, visit Nadlan Capital Group.

  

  Mary C replied 3 weeks, 3 days ago 1 Member · 0 Replies

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