Southlake currently leans toward sellers, with the market gauge pointing to a seller’s market. Months of supply sits at 3.8 in this rolling three-month view, indicating inventory is relatively limited. Homes are taking a median of 25 days to go under contract, showing buyers are acting reasonably quickly.
Recent sales activity helps explain this seller tilt. Homes sold are up sharply year over year, rising nearly 28 percent, while pending sales are also higher by about 19 percent, signaling solid buyer demand. At the same time, active listings have grown modestly compared with a year ago, and new listings are slightly lower, so fresh options are not keeping pace with the increased activity.
Prices show a mixed picture of strength and adjustment. The typical home value is down a bit, off about 2 percent from a year ago, and the median list price has slipped nearly 4 percent year over year, giving buyers slightly more room to negotiate. Even so, sellers are still receiving close to asking, with the average sale-to-list ratio near 98 percent and about one in five homes selling above list. In this kind of nuanced market, both buyers looking for value and sellers aiming to maximize their sale can benefit from Agent Pronto’s help connecting with a skilled local agent.
