Kyle Market Pulse: New Listings Outpace Closings in October

In October, Lago Vista posted 57 new listings against just 39 closed sales, creating a clear supply gap where fresh inventory is outpacing transactions. This imbalance means active stock is growing faster than homes are selling, with the market absorbing only about two-thirds of the new supply entering each month. The median close price rose slightly to $393,500 across 39 closed sales, a 3.6% increase compared to the same month last year. However, the median days on market dropped 9.1% from the prior period to 90 days, suggesting that while more homes are coming online, those that do sell are moving faster than in September. New construction activity remains low with only one closed sale this month, down from two in September and four in October 2025. The median price per square foot dipped 1.9% to $213.66, while the share of homes selling below original list price fell 14.0% compared to the prior period, indicating a slight shift toward more stable pricing despite the inventory buildup. ALEX Intelligence analyzed the dual-axis trend of new listings versus closings to quantify this supply gap. With 299 active listings today and 39 sales in October, the market is absorbing roughly 13% of its current inventory each month. This dynamic suggests buyers have more choices than in previous months, while sellers face a longer path to closing as competition for attention increases. The data reflects a transition phase where supply is expanding faster than demand can absorb it, even as prices hold steady and sales volume climbs 21.9% year-over-year. 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