Lakeside at Tessera: 9.3 Months of Inventory Signals Buyer Market

Lakeside at Tessera currently holds 9.33 months of inventory based on the pace of 18 closed sales over the last six months. This figure is calculated by dividing the 28 active listings by the monthly average of closings. A market with more than six months of supply is classified as a buyer's market, giving purchasers ample time to negotiate and select from available homes. The median closing price for these 18 sales stands at $415,000, which represents a 7.8% decrease from the prior six-month period and a 17.9% drop compared to the same window last year. While the median price per square foot remains steady at $176, homes are spending significantly longer on the market, with a median of 140 days compared to 115 days a year ago. ALEX Intelligence analyzes this inventory level alongside pricing trends to determine market conditions. The extended time on market and elevated inventory suggest that sellers may need to adjust expectations to close deals in this current environment. With nearly 30 active listings and a slow absorption rate, the balance of power has shifted decisively toward buyers. 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