Home sales slow in July across Cedar Park, Leander as prices continued upward climb

July home sales in Leander decreased 31.1% from 2020. Pictured is a Leander home for sale in late July. (Taylor Girtman/Community Impact Newspaper)
July home sales in Leander decreased 31.1% from 2020. Pictured is a Leander home for sale in late July. (Taylor Girtman/Community Impact Newspaper)

July home sales in Leander decreased 31.1% from 2020. Pictured is a Leander home for sale in late July. (Taylor Girtman/Community Impact Newspaper)

Average home prices increased 52.7% in Cedar Park and 42% in Leander last month compared to July 2020 home prices, according to new Austin Board of Realtors data.

However, the number of home sales declined in both cities last month compared to 2020 sales.

In Cedar Park, 133 homes sold in July—a slight 0.8% decrease from 2020. The average home price was $576,203, which is up from $573,898 in June and a 52.7% increase from 2020. There were 0.8 months of inventory and 77 active listings, according to the mid-year data report.

July home sales in Leander decreased 31.1% from 2020, but the average price reached $524,042—a 42% year-over-year increase. There were 0.7 months of inventory and 82 active listings, according to the report.

Cedar Park and Leander homes, including single-family homes, townhomes and condos, spent an average of eight days on the market in July.


The Cedar Park-Leander trends follow the Austin metro's 9.9% home sale decline in July. This was the first decrease since May 2020, according to the ABoR. The previous record for home sales was set in July 2020, which saw 445 more home sales than in 2021.

Home sales prices continued to rise across the Austin-Round Rock metropolitan area. The median home price increased 37.1% since 2020 to $480,000.

ABoR President Susan Horton said in the release that July 2020 peaked due to "pent-up housing demand after several months of stay-at-home orders." Horton also said homebuyers and renters should take advantage of the current market's slower pace.

"As we have moved away from the post-COVID boom, the market has begun to stabilize," Horton said in the release. "The typical seasonality for the summer returned as people re-engaged in other activities, including travel. There are fewer instances of dozens of offers over list price even as home prices continue to rise, albeit at a slower rate month to month than the surge experienced in the first half of the year.”
By Taylor Girtman

Reporter, Cedar Park and Leander

Taylor Girtman became the reporter for the Cedar Park-Leander edition in February 2020. She has a bachelor's degree in journalism from the University of Florida.



MOST RECENT

New statewide maps will go into effect Jan. 18, 2022. (Community Impact Newspaper Staff)
Gov. Abbott approves new voting maps for state legislature, Congress, school districts for next decade

The maps will go into effect Jan. 18, 2022, after the state legislature passed them during a 30-day special session.

The committee will provide input on Capital Metro's expanded public safety department to the transit agency's board of directors.  (Courtesy Capital Metro)
Capital Metro board approves charter for public safety advisory committee

The approval comes after the establishment of a transit police force met resistance during the August meeting.

The statewide job fair will connect veterans to employers as well as other resource providers. (Sandra Sadek/Community Impact Newspaper)
Statewide job fair aims to connect Texas veterans and their families to employers

The job fair is coming to local Texas Workforce Solutions offices, some of which are having early admission for veterans and their families.

Teso Life currently has a location in Carrollton near another 99 Ranch Market and other Asian businesses and restaurants. (Matt Payne/Community Impact Newspaper)
CI NATION ROUNDUP: Japanese department store Teso Life coming to Frisco; New Braunfels’ Gruene Hall set as backdrop for Scotty McCreery music video and more top news

Take a look at the top five trending stories across all of Community Impact Newspaper’s coverage areas as of Oct. 25.

The San Marcos Regional Animal Shelter is set to begin renovations Oct. 25. (Zara Flores/Community Impact Newspaper)
San Marcos Regional Animal Shelter to begin renovations

City Council approved $240,000 for renovations to the San Marcos Regional Animal Shelter.

Vote sign
Just over 2% of Williamson County voters cast ballots in first week of early voting

Early-voting returns show much lower participation for this year’s election compared to previous years.

Child on a computer.
Texas Education Agency accepting applications for $1,500 grants for students in special education

To be eligible for the grant, students must be enrolled in pre-K through 12th grade in a Texas public school and served by a special education program.

The Esports Cave interior photo
3 businesses now open or coming soon in the Cedar Park, Leander area

Read local business updates about a new Chipotle, the second location of a gaming center and Slab BBQ's new location.

Fitness studio Body20 is coming soon to Bee Cave's Hill Country Galleria. (Courtesy Giant Noise Public Relations)
New fitness studio, candy pop-up shop coming to Hill Country Galleria

A new candy pop-up shop and fitness studio are coming to Bee Cave's Hill Country Galleria.

Amazon is hiring for thousands of seasonal jobs statewide across its operations department. (Courtesy Amazon)
Amazon hiring for thousands of seasonal jobs throughout Texas

It is that time of year when people look for seasonal jobs as the holidays approach. Amazon aims to meet that demand by hiring for thousands of seasonal positions throughout Texas.

The first-ever Williamson County Fair and Rodeo opens its gates to guests Oct. 21 with live music, carnival rides, food vendors, rodeo events and more. (Courtesy Pexels)
CI NATION ROUNDUP: Inaugural Williamson County Fair and Rodeo underway; delivery drones coming to Frisco and more top news

Take a look at the top five trending stories across all of Community Impact Newspaper’s coverage areas as of Oct. 22.