Parkside on the River Market Heat Score Analysis

What does a composite market heat score indicate for Parkside on the River? This index, ranging from 0 to 100, combines four key metrics: days on market, sale-to-list ratio, inventory levels, and price reductions. The current data reflects a distinct shift toward buyer leverage compared to the prior period. The data reveals significant cooling in speed and pricing power. Median days on market dropped by 34.1% from the prior six-month window, yet the median close-to-original list ratio of 90.2% remains below the regional benchmark of 93.8%. This suggests that while homes are moving faster than before, they are still selling at a discount to their original asking prices in 75.7% of cases. Inventory pressure is evident with 4.78 months of supply available today, well above the three-month threshold often associated with balanced conditions. The median price of $625,900 across 103 closed sales reflects a 7.6% decline from the prior period, even as the median price per square foot rose slightly by 2.7%. ALEX Intelligence calculated this score using weighted factors for market velocity, pricing efficiency, and supply depth. The result points to a market where buyers have more negotiating room, particularly in a community where new construction dominates with 93 of the 103 recent closings. 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