Sonterra Inventory: Is It a Buyer's Market?

Is Sonterra currently a buyer's or seller's market? The answer lies in the months of inventory metric, which measures how long it would take to sell all current homes at the current sales pace. With 4.41 months of inventory available today based on 94 active listings and 128 closed sales over the trailing six months, Sonterra has shifted into buyer territory. Typically, a market with less than six months of inventory is considered balanced or favoring sellers, while anything above that threshold gives buyers more leverage. In Sonterra, this level suggests increased negotiating power for purchasers. This shift aligns with the median closing price dropping to $255,000, down 2.1% from the prior six-month period and 5.4% lower than the same window last year. The data also shows that homes are taking longer to sell, with the median days on market rising to 69 days compared to 49 days a year ago. While 84.6% of sales closed below the original list price, indicating buyer advantage, the market remains active with 123 closed sales in the current window. ALEX Intelligence analyzes these inventory levels to determine market conditions rather than relying on subjective sentiment. For those looking to buy, this period offers more selection and potential for price negotiation compared to the tighter markets seen previously. Sellers, however, may need to adjust expectations regarding both price and time on market to secure a sale in this environment. 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