Home sales in August in Leander were down 28.8% from August 2020 (Taylor Girtman / Community Impact Newspaper)
The number of home sales increased at Cedar Park but declined at Leander in August compared to August 2020 sales, according to a September 16 report from the Austin board of directors.
Average home prices rose 46.7% in Cedar Park and 47.1% in Leander in August compared to home prices in August 2020.
In Cedar Park, 126 homes sold in August, an increase of 21.2% from 2020. The average price of homes was $ 548,491, down from $ 576,203 in July and an increase. by 46.7% compared to August 2020. There were 0.8 months of inventory and 77 active registrations. at Cedar Park, according to the August data report.
Home sales in August in Leander were down 28.8% from 2020, but the average price hit $ 539,258, a 47.1% year-over-year increase. There were 0.7 months of inventory and 79 active listings, according to the report.
Homes in Cedar Park, including single-family homes, townhouses, and condos, spent an average of 9 days on the market in August. Leander Houses spent 13 days on the market.
Similar to Leander, home sales fell 4.6% in the metro Austin area in August year over year. However, the median selling price rose 34.7% year on year to $ 470,000, which was a record high in August, according to ABoR.
“The region’s housing market is calming from the breakneck pace experienced at the start of the year,” ABoR President Susan Horton said in the statement. “While it is not appropriate to say that market conditions are normalizing – inventories are still at their lowest level and homes are still selling as soon as they hit the market – real estate activity is still selling. August is closer to what we would typically experience in the fall. ”