Slidell-Mandeville-Covington, LA

With a pending ratio of 0.30, the market pace suggests a less urgent environment for transactions, providing buyers with increased opportunity for price discipline. The contraction in active listings and new listings, while present, does not fully alleviate the pressure on demand absorption, which remains moderate. This implies that while supply has tightened, it has not significantly accelerated the pace of sales, placing less pressure on sellers for rapid transactions.

The average listing price increased by 1.2% year-over-year, contrasting with a 2.5% decline in the median listing price over the same period. This divergence between average and median price movements suggests some variability in performance at higher price points, but no distinct luxury-segment signal is clearly discernible in this dataset to indicate a pronounced softening.

1,458 active listings represent the current floor, with new supply arriving at roughly 412 per month.

of active listings carry a price reduction, +1.0% from prior period.

Median price per square foot has moved -0.3% year-over-year.

Pending-to-active ratio — Cooling.