The Shreveport, LA metro area housing market is experiencing a notable downturn as of February 2025. The Median Sales Price has decreased to $212,250, reflecting a year-over-year decline of 5.7%. This downward trend is mirrored in the Median List Price, which has fallen by 7.4% to $235,000. Despite these declines, the median Price Per Square Foot has shown a relatively modest decrease of 2.2%, now standing at $123.62.

In contrast, the Median List Price per square foot has increased by 3.1%, reaching $130.81. This divergence suggests that while sellers are adjusting their overall pricing strategies, they are still optimistic about the value per square foot of their properties.

The number of Homes Sold in the Shreveport area has dropped by 9.2% year-over-year, with 258 Homes Sold in February 2025. However, Pending Sales have seen a slight increase of 1.1%, totaling 366. This indicates a potential stabilization in future transactions, despite the current decline in sales.

New Listings have decreased by 11.0%, with 365 properties entering the market. Meanwhile, inventory levels have risen by 7.4%, reaching 1,267 homes. This increase in inventory, coupled with a 70.0% rise in Months of Supply to 4.90, suggests a shift towards a buyer's market, where supply is beginning to outpace demand.

The Median Days on Market have increased by 21.0%, now averaging 90 days. This extended time on the market reflects the challenges sellers face in closing deals promptly. The average sale to list ratio has decreased by 1.4%, now at 95.6%, indicating that buyers are negotiating more aggressively.

The percentage of Homes Sold above list price has dropped by 6.2%, now at 9.3%. This decline further underscores the reduced competitiveness among buyers. Additionally, the percentage of Price Drops has seen a slight decrease of 0.4%, now at 23.3%, suggesting that sellers are becoming more realistic in their pricing expectations.

Lastly, the percentage of homes going off the market within two weeks has decreased by 4.2%, now at 29.0%. This indicates a slower pace of transactions and a more cautious approach by buyers in the current market environment.