Spicewood Inventory Signals a Buyer's Market in September

Spicewood currently holds 8.2 months of inventory based on 29 closed sales in September, a figure that signals a buyer's market. Months of inventory measures the time required to sell all current listings at the current sales pace; levels above six months typically indicate that supply exceeds demand, giving buyers more negotiating power and choice. The median closing price for homes sold in Spicewood dropped to $612,500, down 4.1% from August and 18.3% lower than September of the previous year. This decline coincides with a significant increase in time on market, which rose 61.3% compared to the prior month to reach 100 days. While 29 closed sales provide a solid sample size for this analysis, the trend suggests a cooling environment where sellers may need to adjust expectations. ALEX Intelligence calculates the months of inventory by dividing the active listing count by the monthly closing rate. In Spicewood, the 223 active homes listed today would take over eight months to sell if no new listings entered the market and sales continued at the current pace. This contrasts with a balanced market, which generally requires six months of supply. The data also shows that 82.8% of homes sold below their original list price in September, compared to 87% the month before, though this remains high relative to historical norms. With inventory levels well above the threshold for a seller's or balanced market, buyers entering Spicewood now face less competition and potentially more favorable terms than in previous months. URL: https://alex.realestate/spicewood Want to see this home? Call or text George at 713.918.9951 for a private 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