Smithville Inventory: 7.6 Months of Supply in October

Smithville currently holds 7.64 months of inventory based on 70 active homes for sale against a pace of 55 closed sales over the last six months. This figure places the market firmly in buyer territory, where supply exceeds the typical demand required to keep prices stable. ALEX Intelligence calculates this balance by dividing the current active inventory by the average monthly closing rate. A reading above six months generally indicates that buyers have more choices and negotiating leverage, while a reading below four months favors sellers. In Smithville, the median days on market has stretched to 80 days, up from 91 days in the prior period but still significantly higher than the 42 days seen in the same window last year. Prices have adjusted to this supply level, with the median closed price at $318,000, down 2.8% from the previous six-month period. The market is absorbing inventory slowly, as evidenced by the fact that 83.6% of homes sold below their original list price. While new construction remains a small portion of sales with only seven closings, the overall trend suggests a continued shift toward buyer advantage through late 2026. 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