Georgetown New Listings vs. Closings: The Supply Gap

In October, Georgetown added 341 new single-family listings while only 207 homes closed, creating a visible supply gap where new inventory outpaced sales. This dual-axis trend shows that for every home sold in the month, roughly 1.65 new properties entered the market. The net effect is an increase in available stock, even as the total number of closings dipped compared to the prior month. ALEX Intelligence analyzed the flow of supply and demand by comparing the count of new listings against closed sales over the trailing period. While the median close price rose slightly to $403,500, the volume of transactions fell 11.9% from September. The influx of 341 new homes suggests sellers are responding to market conditions, yet buyers remain selective, as evidenced by the fact that 86% of sales closed below the original list price. This imbalance between supply and demand is a key indicator for pricing strategy. When new listings consistently exceed closings, inventory levels tend to rise, giving buyers more negotiation leverage. Conversely, if this trend reverses and closings outpace new listings, competition would intensify. For now, the data points to a market where fresh supply is accumulating faster than it is being absorbed by sales activity. The sample size for closed sales in October was 207 transactions, providing a robust view of current market velocity. New listing counts are derived from active and newly listed properties recorded during the same period. This analysis relies on Unlock MLS data for single-family homes with prices net of seller-paid concessions. 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