Jonestown Inventory: 8.9 Months of Supply

Jonestown currently holds 8.94 months of inventory based on 76 active listings and 51 closed sales over the last six months. This level of supply classifies the market as a buyer's market, where buyers have more choices and leverage than sellers. The median closing price for homes sold in Jonestown dropped to $449,000, down 36.8% from the prior six-month period when the median was $710,000. This decline coincides with an increase in days on market, which rose to 55 days compared to 46 days previously. Homes are also selling for less relative to their original list price, with the close-to-original list ratio falling to 92.6% from 94.4%. ALEX Intelligence analyzes inventory levels by dividing active listings by the monthly sales rate to determine market balance. With nearly nine months of stock available, buyers can expect more time to negotiate and fewer bidding wars than in previous periods. The data reflects a significant shift toward conditions favoring purchasers over sellers. 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