Siena Market Heat Score: Speed and Price Power in November

How fast is the Siena market moving compared to six months ago? The answer lies in a sharp drop in days on market, which fell from 50 days to 27 days across 61 closed sales. This surge in velocity is a key component of the ALEX Intelligence Market Heat Score, a composite index that blends speed, price strength, and inventory levels into a single metric ranging from 0 to 100. In this rolling six-month window ending October 31, 2026, Siena demonstrates significant momentum. The median close-to-original list ratio climbed to 96.9%, up 1.9% from the prior period and 2.2% higher than the same window last year. This indicates that sellers are recovering more of their asking price even as the market remains competitive. Simultaneously, the share of homes selling below original list dropped slightly, reflecting a tighter balance between supply and demand. The heat score calculation weighs these factors heavily against the current inventory level of 37 active listings, which translates to roughly 3.6 months of supply. While this is not a seller's market in the extreme sense, the rapid turnover suggests strong buyer urgency. The median price held steady at $392,000, despite a slight year-over-year dip of 4.1%, showing resilience against broader economic headwinds. Current mortgage rates stand at 7.18% as of November 5, 2026, according to Freddie Mac. Even with this rate environment, the market activity in Siena remains robust, driven by a high volume of sales relative to inventory. The ALEX Intelligence model assigns a higher heat score here than in surrounding areas where turnover is slower, signaling that Siena properties are moving faster than the regional average of 65 days on market. This data-driven assessment confirms that Siena is currently experiencing a period of heightened activity, characterized by quick sales and strong price retention. Buyers should note that while prices have not surged, the speed at which homes are leaving the market suggests limited opportunities for prolonged negotiation. 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