The Louisiana housing market in February 2025 presents a complex landscape with varying trends across different metrics. The Median Sales Price has decreased by 2.4% year-over-year, settling at $246,400. This decline in sales price contrasts with the Median List Price, which has seen a slight increase of 0.4%, reaching $266,900. This divergence suggests a potential gap between seller expectations and buyer willingness, possibly influenced by broader economic conditions.

Despite the decrease in Median Sales Price, the median Price Per Square Foot has risen significantly by 7.4% to $140. This increase indicates that while overall sales prices have dropped, the value attributed to each square foot of property has appreciated, reflecting a demand for quality or specific types of housing. Similarly, the Median List Price per square foot has increased by 2.8% to $149, further supporting this trend.

The volume of Homes Sold has experienced a notable decline, with a 9.7% drop year-over-year, totaling 2,483 Homes Sold. Pending Sales have also decreased by 5.6%, indicating a slowdown in market activity. New Listings have seen a significant reduction of 24.4%, with only 2,433 new properties entering the market. This reduction in New Listings contributes to the overall decrease in inventory, which is down by 19% to 9,893 homes.

The Months of Supply, a critical indicator of market balance, has decreased dramatically by 40% to 4 months. This reduction suggests a shift towards a seller's market, despite the overall decline in sales prices. The Median Days on Market have slightly decreased by 2% to 82 days, indicating that homes are selling marginally faster than the previous year.

The average sale to list ratio has decreased slightly by 0.4% to 96.4%, suggesting that homes are selling closer to their list prices, albeit with some negotiation. The percentage of Homes Sold above list price has also decreased by 0.6% to 11.6%, indicating a slight reduction in competitive bidding scenarios. Conversely, the percentage of Price Drops has increased by 7.8% to 28.8%, reflecting sellers' adjustments to align with market conditions.

Finally, the percentage of homes going off the market within two weeks has increased by 0.8% to 19.7%, suggesting that while overall market activity has slowed, there remains a segment of the market that is moving quickly, likely driven by competitively priced or highly desirable properties.