San Marcos: New Listings vs. Closings Show Supply Gap

San Marcos faced a widening supply gap in October as new listings outpaced closings. The city recorded 64 new listings against 49 closed sales, creating a net increase in available inventory. This divergence between fresh supply and completed transactions is the defining dynamic of the current market. The months of inventory metric reflects this imbalance. With 379 active homes on the market and 49 closings in October, the city sits at 6.21 months of inventory. This figure represents the time it would take to sell all current listings at the current sales pace if no new homes were added. A level above six months typically signals a shift toward buyer leverage. New construction activity also contributed to the supply side. Twenty-one new-construction homes closed in October, while 64 new listings entered the market. The ratio of new supply to demand suggests that buyers have more options than they did in previous months. This environment allows for greater negotiation power and selection without the pressure of bidding wars. ALEX Intelligence analyzed the dual-axis trend of new listings versus closings to quantify this gap. The data shows a clear divergence where supply growth is outpacing absorption. For sellers, this means listing prices must align with current market realities to attract buyers in a growing inventory environment. The sample size for closed sales in October was 49 transactions, providing a robust view of the month's activity. This analysis covers the period ending October 31, 2026, based on Unlock MLS data. 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