Lago Vista October Market Recap and Outlook

How does a market behave when sales volume nearly doubles in a single month? In Lago Vista, October saw 27 closed sales, a 170% increase from September's 10 transactions. This surge coincided with a median close price of $393,500, representing a 4.2% gain compared to the same month last year and a 4.7% rise over the prior month. ALEX Intelligence analyzed the October data across 27 closed sales to determine that homes are selling faster than they did a year ago. The median days on market dropped to 59 days, down 35.2% from September 2025 and 24.4% compared to the prior month. Sellers also saw improved negotiation outcomes; the median close-to-original list ratio reached 0.952, up 5.8% year-over-year, while the share of homes selling below original list price fell to 77.8%. The current inventory landscape shows 195 active listings, creating a 6.96-month supply based on the recent sales pace. This suggests a balanced market where demand is picking up but stock remains available. New construction activity was absent in October, with zero new-construction closings reported, contrasting with the five such sales recorded in the same month last year. Looking at the broader trend over the last 24 months, prices have fluctuated between $375,706 and $498,240. The current median price of $393,500 sits near the lower end of that recent range, potentially reflecting a correction after the summer peaks. With mortgage rates at 7.18% as of early November, buyers are navigating a market where volume is recovering but pricing remains sensitive to interest rate conditions. The data indicates a stabilization in Lago Vista, with sales activity returning to levels seen earlier in the year while prices hold steady against last year's figures. 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