Buda: New Listings Outpace Closings in October

In October, Buda saw 127 new homes hit the market while only 55 properties closed, creating a noticeable supply gap between new inventory and finished sales. This imbalance occurred across 55 closed transactions with a median price of $365,000, up 9% from September but down slightly in volume compared to the prior month's pace. The dual-axis trend shows that while new listings surged by 127 units, closings dropped to 55, a figure that is lower than the 102 sales recorded in September. This divergence suggests inventory is accumulating faster than it is being absorbed, even as median prices continue their upward trajectory from $335,000 in September to $365,000 in October. ALEX Intelligence analyzed the supply dynamics by comparing the count of new listings against the volume of closed sales over the trailing 12-month window. The data reveals that while the market remains active with 55 closings, the influx of 127 new properties indicates a shift toward greater buyer choice in the coming months. The median days on market also expanded to 69 days from 44 days in September, reflecting the time needed for these new listings to find buyers amidst the growing inventory. This pattern highlights a transition where supply is outpacing demand, offering more options without the immediate pressure of a seller's market. 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