The Alexandria, LA metro area housing market in February 2025 presents a complex landscape with notable shifts in pricing and inventory dynamics. The Median Sales Price has risen to $202,500, marking a 7.7% increase year-over-year (YoY). This upward trend in sales prices is accompanied by a significant surge in the Median List Price, which stands at $225,000, reflecting a substantial 28.6% YoY increase. Such a disparity between sales and list prices suggests a competitive market environment where sellers are optimistic about pricing.

In terms of Price Per Square Foot, the Median Sales Price per square foot has seen a modest increase of 1.9% YoY, reaching $112.74. Conversely, the Median List Price per square foot has decreased by 2.0% YoY, now at $111.26. This divergence indicates potential buyer resistance to higher list prices, possibly leading to price adjustments.

The volume of Homes Sold remains unchanged from the previous year, with 64 Homes Sold, while Pending Sales have increased by 11.7% YoY, totaling 67. This rise in Pending Sales suggests a growing interest in the market, despite the static number of completed transactions. However, New Listings have plummeted by 44.2% YoY, with only 58 new properties entering the market, contributing to a significant reduction in inventory, which is down by 45.8% YoY to 231 homes.

The Months of Supply, a critical indicator of market balance, has dramatically decreased by 310.0% YoY, now at 3.6 months. This sharp decline points to a seller's market, where demand outpaces supply, potentially driving further price increases. The Median Days on Market have slightly increased by 2.0% YoY to 102 days, indicating that while homes are selling, they may be taking slightly longer to do so.

The average sale to list ratio has improved marginally by 0.4% YoY, now at 97.0%, suggesting that homes are selling closer to their asking prices. However, the percentage of Homes Sold above list price has decreased by 3.1% YoY to 10.9%, indicating a possible cooling in competitive bidding scenarios. Price Drops have surged by 28.9% YoY, affecting 29.9% of listings, which may reflect sellers adjusting expectations in response to market conditions.

Finally, the percentage of homes going off the market within two weeks has increased by 13.1% YoY to 16.4%, highlighting a segment of the market where properties are still moving quickly, likely due to competitive pricing or desirable features.