Inventory in St. Martin Parish has edged down slightly, with 167 active listings in June, just under last year’s level. New listings fell sharply from a month earlier and are down nearly a third year over year, signaling fewer fresh options hitting the market. Homes under contract are more resilient, with pending sales up almost 10% from a year ago even as closed sales dropped more than 25%.
Prices are adjusting alongside this slower closing pace. The typical home value is about $184,000, down a bit from last year, and the median list price has fallen more notably over the same period. Sellers are seeing an average sale-to-list ratio around 96%, with only about 11% of homes closing above asking, so pricing closer to market reality is increasingly important.
Time on market and overall balance between buyers and sellers are shifting as well. Median days on market has recently dropped month over month to 39 days after being much higher earlier in the year, yet months of supply has climbed to nearly seven, compared with about five months last June and roughly five months statewide. That combination supports St. Martin Parish’s neutral market reading, meaning neither side holds a clear advantage. In a landscape where inventory, pricing, and time on market are moving in different directions, both buyers and sellers can benefit from Agent Pronto’s help connecting with an experienced local agent.
