Morningstar Inventory: Is It a Buyer's Market?

Is the market in Morningstar shifting in favor of buyers? With 6.35 months of inventory available across 36 active listings, the answer is leaning yes. This figure represents the time it would take to sell all current homes at the current pace of 34 closed sales over the last six months. Generally, anything above six months suggests a buyer's market, while below four favors sellers. Over the rolling six-month period ending September 30, 2026, median home prices settled at $342,500, down 4.9% from the prior six-month window and 3.5% lower than the same period last year. This price softening coincides with a significant drop in days on market; homes are now selling in 38 days compared to 99 days previously. ALEX Intelligence analyzes this inventory level alongside pricing trends to determine market balance. While the supply is ample for buyers to negotiate, the rapid turnover of 38 days indicates that well-priced homes still move quickly. The median price per square foot also declined by 5.7% compared to the prior period, settling at $181. For sellers, the data suggests a need for realistic pricing strategies to compete in this environment where 88.2% of sales closed below original list prices. Buyers currently have more options and leverage, but the market remains active with steady transaction volume. The classification gauge indicates a buyer's market condition based on the current inventory-to-sales ratio. This assessment is an ALEX Intelligence estimate based on historical activity patterns and should not be considered a guarantee of future performance. 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