Market updates
Price cuts are still outrunning new listings in 76548
16 cuts landed against just 10 new listings this week, and that gap says more about where this market is headed than the sold column does.
Read the post →In 78633, price cuts just outnumbered new listings. No other zip in the territory has crossed that line.
64 cuts against 38 new listings and 14 sales puts 78633 in a spot no other zip here is in. Meanwhile 76537 recorded zero cuts all week.
This Market Just Ran Out of Something to Sell
In the week of August 31 through September 7, this market closed 23 sales while only 3 homes sat active for buyers to choose from, and not a single seller cut price.
Three homes closed in 76541 last week. 114 are sitting active.
That's the second week running where closings stayed in the single digits while the shelf kept filling up. Here's what the numbers actually say.
Sellers Are Cutting Prices Faster Than Buyers Are Showing Up
In the final week of August, price cuts outran both new listings and a month of closed sales across the four markets in this report, with the pressure heaviest in the priciest one.
More Sellers Cut Their Price Than Listed a New One in 76541
In the week of August 24, 76541 logged 7 price cuts against just 3 new listings and 4 closings, while 113 homes stayed active in a market carrying about 26 months of supply.
Price Cuts Are Outrunning New Listings In This Market
13 sellers marked their price down this week against just 10 new listings that arrived, and with eight months of supply sitting on the shelf, the numbers favor whoever is buying right now, not selling.
Sellers Are Cutting Prices Before Buyers Even Push Back
In the week of August 24, price cuts and a heavy inventory pool point to a market where buyers, not sellers, are setting the terms.
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