Lakeside at Tessera: 8.3 Months of Inventory Signals Buyer Market

How much time does a buyer actually have to negotiate in Lakeside at Tessera? The answer lies in the months of inventory metric, which currently stands at 8.33 months based on 18 closed sales over the trailing six-month period. This figure is calculated by dividing the current active listings of 25 homes by the monthly average of closings. In real estate analytics, a reading above six months typically indicates a buyer's market, where supply exceeds demand and prices tend to soften. The data confirms this dynamic: median closed prices have dropped 7.8% from the prior six-month period and are down 17.9% compared to the same window last year. While the median price per square foot remains stable at $176, the time on market has increased by 21.7% year-over-year to 140 days, giving buyers more time to evaluate options without pressure. ALEX Intelligence analyzes this inventory level alongside pricing trends to determine market balance. With nearly nine months of stock available and a high share of homes selling below original list prices (83.3%), the leverage has clearly shifted toward purchasers. This environment favors those who can wait for deals rather than those needing immediate closure, as the supply gap continues to widen relative to absorption rates. 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