Driftwood Market Recap: Sales Surge, Prices Hold Steady

How does a market behave when sales volume jumps significantly while prices remain stable? Driftwood offers a clear example of shifting momentum over the last six months. In the rolling period ending October 31, 2026, 51 single-family homes closed for a median price of $1,085,000. This represents a 10.7% increase in median price compared to the prior six-month window and a modest 0.9% rise year-over-year. ALEX Intelligence analyzed the activity to determine that homes are selling faster than before. The median days on market dropped to 38 days, down 51.3% from the previous period and 29.6% lower than the same window last year. This acceleration suggests buyers are moving more decisively. Additionally, the median close-to-original list ratio improved to 0.963, indicating sellers are recovering a larger share of their asking prices compared to the prior period's 0.928. Inventory levels remain balanced with 5.18 months of supply available today. While the median price per square foot dipped slightly to $302.91, likely reflecting a shift toward slightly smaller homes (median living area fell 6.5% to 3,325 sq ft), the overall market health is robust. With 44 active listings and 76 new listings entering the market during this window, supply is keeping pace with the renewed demand. The data shows a market that has stabilized after a period of slower activity, with buyers finding homes at prices consistent with last year despite the surge in transaction volume. Want to see this home? Call or text George at 713.918.9951 for a private 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