Sunfield: Is It a Buyer's Market in October?

Is the balance of power shifting in Sunfield? The latest data suggests a clear move toward buyer territory. With 5.3 months of inventory available as of October 2026, the market has moved beyond the tight constraints that favored sellers in previous years. Months of inventory is a key metric for gauging market conditions. It is calculated by dividing the number of active listings by the average monthly sales rate. Generally, less than six months indicates a balanced or seller-leaning market, while more than six months signals a buyer's market. At 5.26 months, Sunfield sits just below that traditional threshold, yet other indicators point to increased leverage for purchasers. Closed sales in October totaled 20 homes, with a median price of $350,330. This represents a 10.2% decrease compared to the same month last year when the median was $390,132. Additionally, the time it took to sell a home increased by 36.8% from the prior period, with the median days on market rising to 78 days. Fewer homes are selling below their original list price now compared to last October, but the overall trend shows prices softening and inventory accumulating. ALEX Intelligence analyzes these supply and demand dynamics to determine market classification. While not yet a pure buyer's market by the strict six-month definition, the combination of rising inventory, longer selling times, and declining prices creates a favorable environment for buyers to negotiate. Sellers may need to adjust expectations to align with current activity levels. Want a closer look? Reply or call George at 713.918.9951 and we'll set up a showing. Based on 20 closed sales in the October 2026. 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