Blackhawk: Is It a Buyer's Market?

Is the Blackhawk market tipping in favor of buyers? With 6.9 months of inventory on hand as of late October, the answer leans yes. This figure represents the time it would take to sell all current listings at the current sales pace, calculated by dividing active inventory by the average monthly closings over the trailing six-month period. In a balanced market, you typically see around 5 to 6 months of supply. Blackhawk has now exceeded that threshold, moving into territory where buyers have more negotiating power and less urgency to compete. This shift is reflected in the median days on market, which dropped significantly by 49.5% compared to the prior six-month period, settling at 52 days. While homes are selling faster than they did earlier this year, the inventory buildup suggests a cooling in demand relative to supply. Prices have also adjusted slightly downward. The median closed price of $539,990 is down 0.8% from the prior six-month window and up 1.8% compared to the same period last year. Notably, 84.9% of homes sold below their original list price, a figure that has improved slightly for sellers compared to the prior period but remains high relative to historical norms. ALEX Intelligence classifies this market condition as a buyer's market based on the inventory gauge. For sellers, this means pricing must be precise from day one, as the window to correct an overpriced listing is narrowing. Buyers, conversely, can expect more time to evaluate options and potentially negotiate concessions in a landscape where 6.9 months of stock sits waiting for new owners. 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