Hays County New Listings vs. Closings: The Supply Gap

Hays County added 425 new homes to the market in September while only 324 transactions closed, creating a visible supply gap. This pattern of new supply outpacing closings is a key indicator of how inventory levels shift for buyers and sellers. ALEX Intelligence analyzed the dual-axis trend of new listings versus closed sales over the trailing 12 months to quantify this dynamic. In September, the 425 new listings represented a 1.7% increase from the 418 added in August, while closings dropped 24.3% from the prior month's 428. Compared to September 2025, when 303 homes were listed and 417 sold, the current period shows a distinct divergence: listings are up 40.2% year-over-year, yet closings are down 22.3%. This imbalance suggests that while more homeowners are choosing to list their properties, the rate at which deals are finalizing has slowed. The median days on market rose 7.7% from August to 56 days, reflecting the time needed to absorb this fresh inventory. For sellers, the data indicates a need for competitive pricing as the pool of active buyers faces more options. For buyers, the expanding supply offers greater selection but may require patience as homes sit longer before going under contract. The analysis relies on 324 closed sales and 425 new listings recorded in September 2026, providing a clear snapshot of the current supply-demand balance in Hays County. 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