Parkside on the River: Is It a Buyer's Market?

Is a market with 4.58 months of inventory a buyer's or seller's market? In Parkside on the River, the answer leans toward buyers. A balanced market typically requires six months of supply; anything below that favors sellers, while anything above favors buyers. With 84 active listings and 110 closed sales over the last six months, the area sits at 4.58 months of inventory. This figure represents a significant shift from the prior six-month period. The median days on market has dropped to 89 days, down 32.6% compared to the previous window, while the median close price fell 9.0% to $614,084. Although homes are selling faster than they did in the prior half-year, the inventory level remains below the six-month threshold that defines a balanced market. ALEX Intelligence calculates this classification by dividing current active listings by the monthly average of closed sales. The result indicates that while demand is present, supply constraints have eased enough to reduce upward price pressure. Sellers are currently accepting offers at 90.3% of their original list price, a ratio that has improved slightly compared to the prior period but remains below the 92.2% seen in the same window last year. For buyers, this environment suggests room for negotiation without the intense competition of a seller's market. However, with only 4.6 months of stock, properties still move relatively quickly once priced correctly. The market is not yet fully tilted toward buyers, but it has moved decisively away from the tight conditions seen in previous years. 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