Inventory in Canyon Lake has grown, with about 890 active listings in this rolling three-month view and 12.1 months of supply, up from around 7.9 months last spring. New listings are roughly flat year over year, yet pending sales have edged up a bit, indicating that buyers are still writing contracts despite the added choice. Homes are taking much longer to sell than a couple of years ago, with the median days on market now around 130 compared with much shorter timelines in 2022.
Pricing is adjusting to these slower conditions. Typical home values in this period are slightly below where they were a year ago, while the median list price is up more than 10 percent year over year, suggesting sellers are setting ambitious asking prices that may be moderating during negotiations. Only a small share of properties, just over 5 percent, are selling above list, and the average sale-to-list ratio sits below 100 percent, reinforcing that buyers often have room to negotiate.
Despite the cooler feel, homes sold in this rolling three-month window are only slightly below last year’s pace, hinting at a steady core of demand. Seller leverage is mixed, with a seller’s market label but long marketing times and growing supply giving buyers more options and bargaining power. Both buyers and sellers in Canyon Lake can benefit from an experienced local agent, and Agent Pronto can connect them with the right professional to navigate this market.
