Smithville Months of Inventory Signals Buyer Market

Smithville currently holds 8.19 months of inventory based on the pace of 52 closed sales over the last six months. This figure is calculated by dividing the current active listings of 71 homes by the average monthly sales rate. In real estate analysis, a balance between supply and demand typically sits at 4 to 6 months. Anything above that threshold indicates a buyer's market where inventory exceeds demand. The data shows that homes are taking significantly longer to sell compared to last year. The median days on market has risen to 80 days, a 73.9% increase from the same period in 2025 when it was just 46 days. This extended timeline suggests buyers have more time to evaluate options and negotiate terms. Furthermore, the market is seeing increased price flexibility. The median close-to-original list ratio stands at 0.923, meaning homes are selling for roughly 92% of their original asking price. Additionally, 84.6% of closed sales sold below the original list price, a figure that has risen by 5.0% compared to last year. ALEX Intelligence classifies this market condition as a buyer's market due to the inventory level exceeding six months and the prevalence of price reductions. Buyers in Smithville today can expect more negotiating power and less competition for available properties than they would have faced a year ago. Want to see this home? Call or text George at 713.918.9951 for a private showing. Data from Unlock MLS. Information deemed reliable but not guaranteed. Model outputs are ALEX Intelligence estimates, not appraisals. Read more Central Texas market data on the ALEX blog: https://alex-companies.com/blog