During the first half of 2020, Cedar Park had 441 single-family home sales—a 24.5% drop compared to the first six months of 2019. However, the median home price over the same period increased 4.9% to $350,000.
Cedar Park’s June numbers show a 2.8%, year-over-year increase in single-family home sales to 111 and a 1.6% in the median home value to $354,500.
In Cedar Park multifamily home sales, seven condominiums were sold in June for a median price of $309,900, while one townhome was sold in June for $252,200.
In Leander, 746 single-family homes were sold during the first half of 2020—a 19.6% increase year-over-year. Median home prices saw a more modest 2.4% increase year over year to $295,000.
For June, 175 single-family homes were sold in Leander—a 24.1% increase year over year. June’s median price was $322,900, a 5.5% increase.
No multifamily units were sold in Leander in June, according to ABoR.
In year-to-date single-family home sales, the Austin-Round Rock metropolitan statistical area experienced a 4.6% year-over-year drop—but a 4.2% increase in median home prices.
For June, the Austin-Round Rock MSA saw a 9.5% year-over-year increase in single-family home sales and a 5.2% increase in median home price.
“Strong home sales in June are good news for the real estate market across the region,” 2020 ABoR President Romeo Manzanilla said in the July 14 news release. “The increased sales last month helped limit the impact of the pandemic on the first half of the year overall.”
Manzanilla said July statistics look promising, but the ongoing pandemic continues to affect housing inventory.
“Increased pending sales signal a strong month of sales in July, but we have to remain cautious as Texas experiences a spike in COVID-19 cases and we are seeing shrinking housing inventory,” he said.