Smithville New Listings vs. Closings: The Supply Gap

Smithville saw a notable shift in its supply dynamics over the past six months. New listings jumped to 77, up from 50 in the prior period, while closed sales rose to 55 from 37. This dual increase created a fresh supply gap where new inventory is entering the market faster than it is being absorbed by buyers. ALEX Intelligence analyzed the rolling six-month window ending Oct 31, 2026, to track this trend. The median days on market for closed homes dropped to 80 days from 91 days in the prior period, a 12.1% decrease, suggesting that despite more homes coming online, those that do sell are moving slightly faster than before. However, the median close price dipped 2.8% to $318,000, and the median price per square foot rose 14.1% to $210, reflecting a shift toward smaller homes or different property mixes rather than broad price appreciation. The ratio of new listings to closings indicates a market where supply is expanding. With 77 new listings added against 55 closed sales, the inventory pool has grown. This environment favors buyers with more options but may pressure sellers to price competitively, as seen in the median close-to-original list ratio improving slightly to 93.7% from 88.7%. The data shows a market adjusting to increased activity. While sales volume is up compared to the prior six months, the influx of new listings suggests a balancing act between supply and demand that continues to evolve through late 2026. 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