Lakeside at Tessera: Months of Inventory Signal Buyer Market

How many months of housing supply does it take to shift power from sellers to buyers? In Lakeside at Tessera, the answer is 8.47 months based on the rolling six-month period ending October 31, 2026. This figure represents the time required to sell all current active listings at the current sales pace, calculated by dividing the 24 active homes for sale by the average monthly closings of roughly three homes. ALEX Intelligence classifies a market as balanced when inventory sits between four and six months. Anything above six months indicates a buyer's market where buyers have more negotiating leverage and time to choose. The current reading of 8.47 months confirms that demand has softened relative to supply in this community. This shift is reflected in the median closing price, which dropped to $410,000, down 8.9% from the prior six-month period and 17.8% lower than the same window last year. The pace of sales also slowed significantly compared to historical norms. While homes sold faster in previous years, the median days on market has extended to 131 days over this rolling window. This is a stark contrast to the 97 days seen in the same period last year. With prices averaging $183 per square foot and nearly all sales closing below original list prices, the data suggests that patience and strategic pricing are essential for sellers, while buyers can expect more favorable terms in this inventory-rich environment. 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