Point Venture Market Heat Score: High Inventory, Slow Sales

What does a median price of $478,500 mean when homes sit for 126 days? In Point Venture, the market shows signs of cooling despite a 2.9% rise in median prices over the trailing 12 months ending October 31, 2026. ALEX Intelligence calculated a Market Heat Score based on days on market, sale-to-list ratios, inventory levels, and price reductions to gauge current conditions. The data reveals a distinct shift toward buyer leverage. Months of inventory stand at 10.0, well above the six-month threshold typically defining a balanced market. This surplus is reflected in the median days on market of 126 days, which has decreased slightly by 3.8% compared to the prior period but remains high relative to regional benchmarks. Price negotiation power has also shifted. The median close-to-original list ratio sits at 0.918, with 86.2% of closed sales selling below their original list price. This represents a 16.6% increase in the share of homes sold under asking compared to the prior period. While the median price per square foot rose 1.1% to $218.03, the combination of high inventory and extended time on market suggests a market where patience is rewarded. The composite heat score reflects these dynamics: elevated supply and slower absorption rates indicate a buyer-favorable environment, even as prices show modest year-over-year growth. 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