New Listings vs. Closings: The Supply Gap in Lakeside at Tessera

New listings in Lakeside at Tessera reached 28 while closings dropped to 18 over the last six months, creating a widening supply gap. This divergence marks a shift from the prior six-month period when 22 homes were listed and 46 sold. The current window shows an increase in new supply against a decrease in sales volume compared to the previous six months. ALEX Intelligence analyzed this dual-axis trend to highlight how fresh inventory is outpacing demand. While 28 new homes entered the market, only 18 transactions closed, leaving a net accumulation of unsold properties. This dynamic contrasts with the same period last year, when 48 new listings met 33 closings. The median home size also shrank slightly to 2,404 square feet from 2,575 square feet in the prior six months. Despite fewer sales, the median price held at $415,000, down 7.8% from the previous period but still reflecting a market where new supply is arriving faster than buyers are closing deals. The data indicates a growing inventory of active listings relative to the pace of sales. With 26 homes currently active and only 18 closed in the last six months, the balance is shifting toward more options for buyers. This gap suggests that while new construction and resales continue to enter the market, the rate of absorption has slowed significantly compared to historical trends. 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