Morningstar Market Heat Score: Speed and Price Signals

How fast is Morningstar selling today compared to six months ago? The ALEX Intelligence Market Heat Score combines speed, price performance, and inventory levels to answer that question. In the rolling six months ending October 31, 2026, median days on market fell 61% to just 40 days across 31 closed sales, while the median close price dropped 7.7% to $323,150. The heat score reflects a shift in momentum. Homes are selling significantly faster than in the prior six-month window, where the median time on market was 103 days. At the same time, the share of homes closing below original list price rose slightly, with 94% of sales falling short of the initial asking price. The median close-to-original-list ratio improved to 95.6%, up from 92.5% previously, indicating that while prices are lower, buyers are negotiating closer to the final agreed terms than before. Inventory remains a key factor in this dynamic. With 35 active listings and 31 closed sales over the period, the market shows 6.77 months of supply. This level suggests a transition toward balance, though the rapid drop in days on market signals that well-priced properties are moving quickly. The ALEX Intelligence composite index weighs these factors to provide a snapshot of current market conditions without predicting future direction. For buyers and sellers, the data indicates a market where speed is returning, even as prices adjust downward from earlier peaks. The combination of faster sales cycles and improved price ratios points to a more active environment than seen in the prior half-year. 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