Current Inventory and Pricing for January 2026

Active listings reached 122 this month, meaning buyers now enjoy more options across town. This increase signals a shift toward balance between supply and demand. Median sales price relaxed to $365,000, and the entry of 28 new listings bolsters choices for many households. Those shopping with an eye on market timing will benefit from tracking these numbers closely, as they directly impact offer competition.

Days on market jumped to 54, giving buyers time for thoughtful decisions without the time pressure seen in past years. The months of supply index now sits at 2.3, indicating solid negotiation room—an important consideration for anyone exploring affordable homes in Covington, LA this January 2026.

Financing, List-to-Sale, and Buyer Strategy

With 6.7 percent as the average mortgage rate for a 30-year fixed, buyers are acting quickly after pre-approval to lock in manageable monthly costs. Sellers are responding with more realistic list prices. At $174 per square foot, buyers are encouraged to compare properties by space and potential before making an offer.

The list-to-sale price ratio of 97.8 percent means negotiation is alive and well in Covington, LA. Pending sales are steady at 19, and only 3 price reductions have appeared this month. These situations bring opportunity for prepared buyers working with an agent who watches these details.

Seeking the Best Value in Covington, LA

Which strategies deliver results for buyers? Following new inventory, monitoring price per square foot, and responding quickly when the right property appears often lead to success. The question "is it a good time to buy in Covington, LA?" is best answered by weighing inventory, price trends, and timing together.

• Leverage expanded options from 122 active listings
• Assess value at $174 per sq ft
• Investigate properties with longer days on market
• Negotiate confidently with months of supply at 2.3

Rental Units and Buyer Flexibility in January 2026

The rental inventory for single-family homes maintains stability, with the average rent around $2,150 per month. Buyers who may defer a purchase can watch days on market for leasing trends that could shorten or lengthen as 2026 continues.

Informed Decisions for January 2026

For aspiring homeowners and sellers, knowing the status of Covington, LA’s market can reduce stress and help maximize outcomes. Sam Schulz provides detailed Covington, LA market guidance tailored to the actual metrics seen in January 2026. Reach out to clarify your next steps whether buying, selling, or simply monitoring the trends in our community.