Lakeside at Tessera: Months of Inventory Signal 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 today by the monthly average of closings. In real estate analytics, a reading above six months typically signals a buyer's market where supply exceeds demand, giving purchasers more leverage in negotiations. The median closing price for these 18 homes stands at $415,000, down 7.8% from the prior six-month period and 17.9% lower than the same window last year. While prices have softened, the market has not stalled; homes are selling faster now than they were a year ago, with median days on market dropping to 140 days from 151 days in the prior period. ALEX Intelligence classifies this inventory level as a buyer's market because the supply of active listings is sufficient to cover nearly a full year of sales at the current pace. This environment often correlates with buyers finding more time to evaluate properties and negotiate terms, as evidenced by the fact that 83% of these homes sold below their original list price. The data reflects a shift from the tighter conditions seen previously, where inventory was lower and prices were higher. With 28 homes currently available and a steady flow of new listings, the balance has tipped toward those seeking to purchase in this master-planned community. Curious what your Lakeside at Tessera home would sell for today? Request a free ALEX Intelligence valuation. 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 MIT, Nvidia, Google & IBM-Trained. Cross Domain-Expert: Quantum, AI, Ethics, Sovereignty, Intelligence, Philanthropy. Solepoint Planning. VUI AI Cloud Architect. AI Certifications Development. Quant/AI Instructor. Castor Venture Club Member. Associate Broker. George Arnold Alexander III, MPA Partner, ALEX Companies Associate Broker, Alexander Tiffany Southwest, LLC dba ALEX.realestate, et.al. Texas License #574878-B · Broker License #565194-BB Broker, ALEX Real Estate · North Carolina License #367733 Independent Broker, ALEX Real Estate · Colorado License #II.100112456 [email protected] · +1 713.918.9951