Inventory in East Feliciana Parish is stable, with 49 active listings in June and no change from May. New listings, however, declined sharply from the prior month and are down nearly a fifth from last year, tightening the flow of fresh options. At the same time, contract activity is picking up, as pending sales have climbed strongly year over year while closed sales nearly doubled compared to a year ago.
With more homes going under contract and fewer new ones coming to market, supply has drawn down quickly. Months of supply fell from 8.7 in May to 2.9 in June, well below the 4.8 months reported statewide in Louisiana, which signals less slack in the local market than in the broader state.
Prices are adjusting amid these shifts, with the typical home value in June almost 15 percent lower than a year earlier even after a solid month-over-month gain. Sellers are achieving, on average, just over 96 percent of their list price, and roughly 15 percent of sales are closing above list, which points to selective but not widespread bidding pressure. Homes are also moving much faster than in recent months, with the median days on market dropping to just over a month. In this kind of changing environment, both buyers and sellers can benefit from Agent Pronto’s help in finding an agent who understands East Feliciana Parish’s latest trends.
