Morningstar: How List Prices Compare to Sells in Oct

In Morningstar, homes are closing at 95.6% of their original list price on average across 31 closed sales in the rolling six months ending Oct 31, 2026. This median close-to-original list ratio represents a 3.4 percentage point increase compared to the prior six-month period and a 2.7 percentage point improvement over the same window last year. The ALEX Intelligence analysis of price negotiation trends shows that while 93.5% of these homes sold below their original asking price, the gap between list and sale has narrowed significantly. The median close-to-original list ratio rose from 92.5% in the prior six months to 95.6% currently, indicating that sellers are retaining more of their initial price expectations than they did earlier this year. Median closing prices for these 31 homes settled at $332,000, down 7.8% from the prior six-month period but only 7.3% below the same window last year. The median price per square foot also declined slightly to $181, a 1.1% drop from the prior period and a 10.0% decrease compared to last year. Homes are selling faster now as well, with the median days on market dropping to 35 days, a 63.2% improvement over the prior six months and a 20.5% reduction compared to the same period last year. This suggests that while prices have softened slightly, the market is becoming more efficient at reaching agreement between buyers and sellers. The data reflects a market where price reductions are common but less severe than before, with the median home selling for just under 96 cents on the dollar. 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