Canyon Lake Market Heat Score: What the Data Says

Canyon Lake is showing signs of cooling despite a rise in prices. The ALEX Intelligence Market Heat Score combines four key metrics to gauge whether this is a buyer's or seller's market: median days on market, the sale-to-list price ratio, inventory levels, and the share of listings with price cuts. Over the rolling six months ending September 30, 2026, 43 homes closed at a median price of $425,000, up 6.2% from the prior period. However, the market is currently holding 14.2 months of inventory, calculated by dividing the 102 active listings by the monthly closing rate. This high supply level pushes the heat score toward the buyer's end of the scale. Homes are taking longer to sell than last year, with median days on market rising to 69 days from 62 days in the same period twelve months ago. While sellers are achieving a close-to-list ratio of 95.7%, which is slightly better than the prior period, 83.7% of sales still closed below the original list price. The ALEX Intelligence composite index weights these factors to produce a single score out of 100. With elevated inventory and extended selling times, the current heat score reflects a market where buyers have significant leverage, even as prices remain resilient compared to the prior six-month window. Want to see this home? Call or text George at 713.918.9951 for a private showing. Coverage: most home sales in Canyon Lake are listed in another MLS, which ALEX does not receive yet. The figures in this post count only sales listed in Unlock MLS (ABOR), so they describe part of the local market, not all of it. 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