Del Valle: New Listings Outpace Closings in October

In October, Del Valle saw a clear divergence between new supply and actual closings. The market absorbed 19 closed sales while 37 new listings hit the market, creating a net increase in available inventory. This gap of 18 properties reflects a shift where fresh supply is outpacing the rate at which homes are selling. ALEX Intelligence analyzed the dual-axis trend of new listings versus closings to quantify this supply gap. The 19 closed sales represent a sample size of n=19 for the month, with a median close price of $289,990. Meanwhile, the 37 new listings indicate that sellers are bringing more homes to market than buyers are currently closing on. This dynamic suggests inventory is building faster than it is being absorbed. The data shows that while sales volume increased slightly by 5.6% compared to September, the influx of new listings was substantial. The median living area for closed homes dropped to 1,654 square feet, down 6.5% from the prior month, indicating a shift toward smaller homes in this specific transaction set. With 95 active listings currently on the market and 5.38 months of inventory, the supply gap is widening as new construction and resale activity outpaces the closing pace. This pattern highlights a transition where buyer demand remains steady but seller activity is accelerating. The result is a market where fresh inventory is accumulating faster than it can be sold, potentially stabilizing price growth in the coming months. 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