In Leander, October home sales increased 50% from 2019 with 153 closed sales. Year-to-date, sales have increased 30% from 2019 year-to-date closures, according to ABoR data.
Average home prices have continued to rise in both cities. The average price in Leander increased by 14.9% from last year to $384,274. Cedar Park’s average sale price was $385,188, for a 14.5% year-over-year increase.
Both cities currently have limited inventory. Cedar Park had 0.2 months of inventory in October, and Leander had 0.4 months. In comparison, Travis County had 1.2 months of inventory and Williamson County had 0.7 months. Both counties’ inventories dropped year over year.
On average, Cedar Park single-family homes spent 36 days on the market and Leander homes spent 19 days on the market in October. This includes new construction and existing homes.
In the Austin-Round Rock Metropolitan Statistical Area, home sales increased 29.4% in October home sales from 2019 to 2020. An ABoR Nov. 19 press release said home sales in the area continue to sell faster and at higher price points.