Inventory in Woodbridge at Monte Viejo has expanded noticeably in the latest rolling three-month period. Active listings are up more than 50% year over year, and months of supply has surged to around 16 months, far above the roughly 6-month levels seen a year ago. Even with more options on the market, homes are taking about 57 days to sell, longer than earlier this year but still faster than some peaks over the past two years.
Prices are holding relatively steady despite the inventory buildup. The typical home value over the past three months is slightly above $257,000, edging up a few percent from a year ago, while the median list price has changed only modestly year over year. Very few homes are selling above asking, yet the average sale-to-list ratio is close to 99%, suggesting that final sale prices are generally landing near what sellers are asking.
Sales activity has cooled compared with last year, with the number of homes sold down sharply even as new listings have more than doubled year over year. Pending sales have increased compared with a year ago, indicating that some of this new inventory is still finding buyers, though at a slower pace than in the broader San Antonio market, which has far less supply. These mixed signals can be confusing, so both buyers and sellers in Woodbridge at Monte Viejo can benefit from Agent Pronto’s help connecting with a local agent who understands these dynamics.
