09/18/2026
📊 SMITH COUNTY🏡
MARKET UPDATE | AUGUST 2026
Smith County has officially shifted into a BUYER’S MARKET.
We’re now sitting at 6.7 months of inventory, with 1,606 active listings, up a significant 14.3% from August 2025.
At the same time, 262 homes sold, down 4.4%, and homes are averaging 102 days on market, 12 days longer than this time last year.
But sellers, don’t panic. This doesn’t mean homes aren’t selling or that you have to give your house away. In fact, the average sales price in August was $325,900, UP 4.8% year over year.
What it DOES mean is that the strategy has changed.
💰 With today’s higher mortgage rates, affordability is heavily influenced by the buyer’s monthly payment. Sellers should be prepared to negotiate things like closing costs and interest rate buydowns for buyers.
Sometimes helping a buyer reduce their interest rate can have a greater impact on their monthly payment than simply reducing the price of the home. Depending on the buyer’s financing, that can create a win for both sides while helping the seller protect more of their sales price.
🏠 SELLERS: With more than 1,600 homes on the market, you are competing for buyers. Price it correctly, make it shine, market it aggressively and be prepared to consider concessions that make your home financially attractive.
🔑 BUYERS: This market is giving you something we haven’t always had in recent years: choices and negotiating power. Seller paid closing costs, repairs and rate buydowns may be part of the conversation depending on the property and financing.
And here’s the part I really want people to understand:
A buyer’s market isn’t a bad market. It’s a different market.
The agents who recognize the shift and know how to structure deals around today’s financing environment are going to be incredibly important on both sides of the transaction.
Want to know what this shift means for your home, your neighborhood or your buying power? Let’s talk numbers. 🏡
Jenny Lynn, ETX Redheaded Realtor®
Top Producer |Texas Premier Realty
📲 903 253 4456
🌐 jennylynnhometeam.com