Median home prices increased 6.6% this March in Cedar Park compared to February data; sales prices increased 10.4% this March compared to January. In Leander, median home prices increased 25.8% this March compared to February data and 21.5% compared to January.
In Cedar Park, a total of 79 homes were sold in March—a 33.9% increase compared to February sales. There were 32 active listings in March compared to 13 active listings in February.
In Leander, there were a total of 33 active listings compared to 12 in February. A total of 93 homes were sold in March, which is a 31% increase compared to February sales.
In March, active listings rose 46% across the Austin metro area, and median home prices increased by 22%, according to the Central Texas Housing Report.
“Rising home prices along with nationwide inflation and rising interest rates can seed caution in the market,” ABoR President Cord Shiflet said in the press release. “So it’s important to remember that we are still experiencing a very active housing market driven by true demand, not investor speculation.”