Spicewood New Listings vs. Closings: The Supply Gap

Spicewood saw 37 new listings enter the market in September while 29 homes closed, creating a supply gap where new inventory outpaced sales. This dynamic contributed to 221 active listings currently on the market, representing 8.1 months of inventory based on the trailing monthly closing rate. ALEX Intelligence analyzed the flow of supply and demand by comparing the 37 new listings against the 29 closed sales for the month. While new supply increased compared to August's 38 listings, the volume of closings rose 26.1% from the prior month, narrowing the gap slightly but leaving inventory levels elevated. The median days on market stretched to 100 days, up 61.3% from September 2025, indicating that despite new supply, homes are taking longer to sell. The current stock of 221 active listings suggests a buyer-favorable environment where demand is not keeping pace with the rate of new entries and existing inventory. With 29 closed sales in September, the market absorbed roughly one-third of the new supply added that month, leaving a net increase in available homes for buyers to choose from. This analysis relies on Unlock MLS data for September 2026, covering 29 closed transactions and 37 new listings. The sample size of 29 closed sales meets the minimum threshold for reliable monthly trend analysis. 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