Teravista Inventory: Is It a Buyer's Market?

Teravista currently holds 4.27 months of inventory based on the pace of sales over the last six months. This figure represents the time it would take to sell all current active listings if no new homes were added and sales continued at the current rate. A level near four months typically signals a balanced market where neither buyers nor sellers hold a distinct advantage, though the specific dynamics depend on whether supply is rising or falling relative to demand. ALEX Intelligence calculates this classification by dividing the 47 active listings today by the average monthly closings of roughly 11 homes per month derived from the 64 closed sales in the rolling window. While the market remains balanced, recent trends show a shift toward slightly more buyer-friendly conditions compared to the prior six-month period. The median close price rose 8.3% from the previous period to $465,750, yet it remains 4.9% below the same window last year when prices were higher at $489,900. Homes are also selling faster than they did in the prior six months, with median days on market dropping 23.1% to 30 days. This acceleration suggests that while inventory is sufficient to keep the market balanced, well-priced properties are still moving efficiently. The share of homes selling below original list price has decreased by 10.9 percentage points compared to the prior period, indicating that sellers are retaining more pricing power than they did earlier in the year. https://alex.realestate/teravista Looking to buy in Teravista? Get new listings the day they hit the market. 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 MIT, Nvidia, Google & IBM-Trained. Cross Domain-Expert: Quantum, AI, Ethics, Sovereignty, Intelligence, Philanthropy. Solepoint Planning. VUI AI Cloud Architect. AI Certifications Development. Quant/AI Instructor. Castor Venture Club Member. Associate Broker. George Arnold Alexander III, MPA Partner, ALEX Companies Associate Broker, Alexander Tiffany Southwest, LLC dba ALEX.realestate, et.al. Texas License #574878-B · Broker License #565194-BB Broker, ALEX Real Estate · North Carolina License #367733 Independent Broker, ALEX Real Estate · Colorado License #II.100112456 [email protected] · +1 713.918.9951