Manor Market Recap: Sales Drop, Prices Soften in October

Manor's housing market cooled noticeably in October as the number of closed sales fell and median prices retreated. Thirty-six single-family homes sold for a median price of $313,366, which is down 7.3% from the same month last year when the median was $338,125. This follows a trend where October sales volume dropped 25.0% compared to the prior month and 18.2% lower than September's activity. Despite the price dip, homes are selling faster than they did a year ago. The median days on market fell to 60 days, a 40.6% improvement over the 101 days recorded in October 2025. Sellers also saw better results against their original asking prices, with the close-to-original list ratio rising to 95.7%, up from 93.5% last year. Inventory levels remain elevated at 6.2 months of supply, indicating a shift toward buyer leverage. While new construction accounted for nearly a third of sales with 10 closings, the broader market saw 87 new listings enter the pool. The median home size grew to 2,110 square feet, up 9.2% from last year, suggesting buyers are seeking more space even as prices adjust downward. Current mortgage rates stand at 7.11%, according to Freddie Mac data for the week of November 12, 2026. This rate environment continues to influence buyer behavior, with affordability remaining a key factor in the October transaction pace. The market is currently balancing between reduced demand and steady supply, creating a distinct pause from the rapid appreciation seen in previous years. 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