St. Landry Parish is currently leaning toward buyers, with a market gauge reading that points to a buyer’s market. Inventory is relatively high at 5.8 months of supply, up sharply from a year ago and higher than Louisiana overall, which sits at 4.8 months. Contract activity is steady, with 45 homes under contract in June and 39 sales closing.
Pricing is adjusting to these conditions, even as values have climbed over the past year. The typical home value is up more than 30 percent year over year, yet the median sale price in June edged down slightly from May while the median list price jumped both month over month and compared with last year. Sellers are achieving an average of about 97 percent of their list price, and only a small share of homes are selling above asking, signaling that buyers have room to negotiate.
Homes are moving through the market faster than earlier in the year, with median days on market dropping by about half since May, even as active listings rose modestly and new listings increased from a year ago. Pending sales are running ahead of last year, suggesting that buyers are still engaging despite the additional inventory and pricing shifts. With St. Landry Parish behaving differently than the broader Louisiana market, both buyers and sellers can benefit from Agent Pronto’s help in finding an agent who understands these local trends.
