However, the average home price increased 38% in both Cedar Park and Leander this October compared to October 2020 home prices.
In Cedar Park, 84 homes were sold in October—a 22% decrease from 2020. The average home price was $530,586, which is a 38% increase from October 2020 and up from $518,489 in September of this year. There are 0.6 months of inventory and 56 active listings in Cedar Park, according to the October data report.
October sales in Leander decreased 31% from 2020 with 105 closed sales, but the average price reached $526,248—a 38% year over year increase. There were 0.6 months of inventory and 69 active listings, according to the report.
Leander homes sold were primarily existing homes with 89 existing home sales and 17 new construction sales.
Cedar Park homes, including single-family homes, townhomes and condos, spent an average of 18 days on the market in October. Leander homes spent 20 days on the market.
Home sales decreased 12% across the Austin metro area in October year over year. However, the median sales price rose 25% year over year to $455,000, which is an October record, according to ABoR.
Across Williamson County, home sales decreased 4.4% from October 2020 with 1,170 sales. The average home price increased 33.4% to $473,157—an average price lower than in Cedar Park or Leander alone.
ABoR President Susan Horton said in the release that buyers and sellers can see a glimpse of what to expect going forward.
"More new listings are hitting the market, a trend that we have seen continuously for the past eight months, and when coupled with fewer closings across the [metropolitan statistical area], prospective buyers have more options," Horton said.
