Demand Hits a Four-Year High,
Supply Increasing
The Midland real estate market continues to show strong momentum as buyer demand has climbed to a four-year high. Currently, there are 335 homes under contract in Midland. The last time we saw this level of demand was during the summer of 2022. Is it $100 oil or pent-up demand that has been building over the last three years? It may be a little bit of both. Either way, buyers are still actively purchasing homes across Midland.
Housing inventory has increased since the beginning of the year, giving buyers more options than they had earlier in the market cycle. Currently, there are 593 homes on the market in Midland. However, we are still well below the peak supply levels experienced during the fall of 2025, when there were 674 homes on the market. In other words, while the market has loosened slightly, we are far from being oversupplied.
What may be most surprising is that average sales prices have remained relatively stable despite the increase in demand. Normally, strong demand combined with limited inventory pushes prices upward quickly. Instead, Midland home prices have stayed steady, creating a more balanced environment for both buyers and sellers.
For sellers, this is encouraging news. Homes that are priced correctly and presented well continue to attract attention from motivated buyers. For buyers, the market still offers opportunities without the rapid price increases many feared could happen with elevated demand.
As we move further into the year, the combination of strong demand, manageable inventory levels, and stable pricing continues to point toward a healthy and active market in Midland and throughout the Permian Basin.
Whether you’re thinking about buying, selling, or simply trying to understand where the market is headed, now is a great time to have a strategy in place. Buyer demand remains strong, inventory is manageable, and opportunities still exist on both sides of the market. If you’d like to discuss your home’s value, explore your options, or make a plan for the rest of 2026, reach out to The Bill Lanier Team, we’d love to help you navigate the market with confidence.
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