Smithville New Listings vs. Closings: The Supply Gap

Smithville saw a notable shift in supply dynamics over the last six months, with new listings rising to 78 compared to 45 in the prior six-month window. Meanwhile, closed sales increased from 37 to 52 transactions. This dual-axis trend reveals a widening gap between fresh inventory entering the market and homes actually selling. ALEX Intelligence analyzed the supply and demand flow by comparing new listing counts against closed sale volumes. The data shows that while sellers are bringing more properties to market, the rate of closings has also accelerated, though not enough to fully absorb the influx of new supply. In the prior period, 45 homes were listed and 37 sold; in the current rolling window, 78 listings joined the market against 52 sales. The median days on market for these transactions stood at 80 days, up 1.3% from the prior period and significantly higher than the same window last year when it was 46 days. This suggests that despite increased activity, homes are taking longer to sell as inventory accumulates. The median close price remained steady at $320,000, while the median price per square foot rose to $209 from $194 in the prior period. With 78 new listings and 52 closings, the market is absorbing supply but facing a temporary surplus of active inventory. Buyers now have more options, while sellers face increased competition as homes sit longer on the market before closing. Want a closer look? Reply or call George at 713.918.9951 and we'll set up a 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