Manor Market Heat Score: Slower Sales in September

Manor's market activity cooled significantly in September, with homes taking an average of 84 days to sell compared to just 48 days in August. This sharp increase in time on the market is a key driver behind the current Market Heat Score for the city. ALEX Intelligence calculated this composite index using four weighted factors: median days on market, sale-to-list price ratio, inventory levels, and the frequency of price reductions. A higher score indicates a faster-moving market, while a lower score suggests more time for buyers to negotiate. In September, the extended selling period and a drop in the close-to-list ratio contributed to a lower overall heat reading. The median home sold for 93.6% of its original list price, down from 95.6% in August. Meanwhile, inventory levels remain steady with 291 active listings, representing nearly six months of supply. This balance gives buyers more leverage than sellers had earlier in the year. The data reflects a shift toward a more balanced environment where properties require longer marketing times to find buyers. This score is an ALEX Intelligence estimate based on current market conditions and should not be interpreted as a prediction of future performance. It serves as a snapshot of how quickly homes are moving relative to available inventory and pricing trends in the region. 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