SHREVEPORT, La. (KSLA) – After years of rapid price growth, Shreveport’s housing market may be showing signs of cooling off, but a small dip in value doesn’t necessarily mean buying a home is suddenly within reach.
According to local realtors, Shreveport home values have seen a slight shift, dropping about one to three percent in some areas – but that doesn’t mean buyers are finding bargains.
“Housing prices are sitting at an all-time record high,” said Scott Hughes, CEO of the Northwest Louisiana Realtors Association. “And we expect them to kind of stay in that range, unfortunately, for new buyers for really the unforeseen future.”
Prices stabilize at historic highs
Hughes said after years of prices climbing as much as 30 to 40 percent, values have mostly stabilized, but at historic highs…