Florence Market Heat Score: Inventory Rises as Prices Hold

Florence is showing signs of a shifting balance between buyers and sellers as the market moves away from its previous pace. In the rolling 12 months ending October 31, 2026, median days on market rose to 65 days, up 25% compared to the prior period. This increase in time on market suggests homes are taking longer to sell, a key indicator of cooling demand or increased supply relative to buyer activity. Despite the slower pace, prices have held firm and even improved slightly. The median close price reached $805,000, representing a 5.9% increase over the same window last year. However, the price per square foot dipped 7.3% to $266.54, indicating that while total values remain high, the value per unit of space has softened. A larger share of homes sold below their original list price this period, with 73.7% closing under asking compared to 82.4% previously, showing a slight improvement in negotiation leverage for sellers. Current inventory stands at 23 active listings, resulting in 5.75 months of supply. This level suggests a market that is neither aggressively favoring buyers nor sellers, but rather leaning toward a balanced state where time on market is the primary differentiator. ALEX Intelligence estimates this composite heat score based on these observed metrics: days on market, sale-to-list ratio, inventory levels, and price reduction trends. The data reflects a market where affordability remains a factor given the 7.18% mortgage rate, yet demand continues to support median prices above $805,000 for single-family homes. 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