Home prices jump in July across Cedar Park, Leander

for-sale-adobe-stock
Cedar Park homes sold for $373,896 on average in July, and Leander homes sold for $372,124 on average. (Courtesy Adobe Stock)

Cedar Park homes sold for $373,896 on average in July, and Leander homes sold for $372,124 on average. (Courtesy Adobe Stock)

Average home prices jumped 4.6% in Cedar Park and 10.1% in Leander in year-over-year sales, according to July data from the Austin Board of Realtors.

Cedar Park homes sold for $373,896 on average, and Leander homes sold for $372,124 on average, according to the data released Aug. 19. These sales include single-family homes, condominiums and townhomes.



Across the region, the number of sales increased by 21.5% in July sales year over year. This is the second month of consecutive strong home sales in the Austin-Round Rock metropolitan statistical area, according to the ABoR.

Cedar Park residential sales rose 15.1% in July compared to July 2019 sales. There were 137 closed sales.

Leander saw a larger increase of 41.6% in year-over-year sales with 146 closed residential sales in July.


However, a falling housing inventory across the region can lead to increased home prices, 2020 ABoR President Romeo Manzanilla said in a release. Inventory fell by one month in July to 1.7 months of housing inventory. Statewide, inventory is at 2.8 months.

“Our market is now ultra-competitive because of our dangerously low inventory and that is cause for concern over the long-term," Manzanilla said.
By Taylor Girtman
After interning with Community Impact Newspaper in 2019, Taylor Girtman became a reporter for the Cedar Park and Leander edition in February 2020.


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