Lariat: Is It a Buyer's Market?

Is a market with nearly six months of inventory favorable for buyers or sellers? In Lariat, the answer is leaning toward buyers. With 5.67 months of inventory calculated from 110 closed sales over the rolling six months ending October 31, 2026, supply now exceeds the pace of demand. Months of inventory measures how long it would take to sell all current listings at the current sales rate. A figure near 5.67 indicates a shift away from the tight seller's markets seen in previous years. This is confirmed by price data: the median close price dropped 0.7% compared to the prior six-month period and fell 6.1% year-over-year, settling at $443,594 across 110 sales. Buyers also see more leverage on price negotiations. The median close-to-original list ratio improved by 4.6% versus the prior period, reaching 91.7%. This means sellers are accepting offers closer to their original asking prices less often than before, with 90% of homes selling below their initial list price. While days on market have shortened significantly compared to last year, the overall inventory level suggests buyers have more time to choose and negotiate. ALEX Intelligence analyzes this balance to determine market conditions: at 5.67 months, Lariat is currently classified as a buyer's market. 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