Lockhart New Listings vs. Closings: The Supply Gap

Lockhart saw a clear divergence between new supply and demand in October as 35 homes were listed while only 24 sold. This gap of 11 net new listings occurred across 24 closed sales with a median price of $324,950. The dual-axis trend shows that new listings outpaced closings by 41.2%, creating a modest increase in available inventory for buyers. ALEX Intelligence analyzed the supply and demand balance using the count of new listings versus closed sales over the trailing 12 months. While the number of homes coming to market rose from 30 in September to 35 this month, the volume of transactions increased by 41.2% compared to the prior period. This suggests that while more sellers are entering the market, buyer activity is also accelerating, though not yet enough to absorb every new listing immediately. The median days on market for these sales was 79 days, a 16.8% decrease from September but significantly higher than the same time last year. The supply gap remains a key indicator for pricing strategy; with 35 new homes entering the pipeline against 24 closings, competition among sellers is rising slightly, even as prices remain resilient compared to the prior year. URL: https://alex.realestate/market-reports/lockhart 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