According to the report, Cedar Park had 103 home sales in July while Leander had 137.
In Williamson County overall, single-family home sales increased by 5.7 percent year-over-year. The median price for Williamson County homes also increased by 2.1 percent compared to July 2017 at $280,734, according to the report.
The median price for single-family home sales also increased in Cedar Park and Leander by about 9 percent in each market. Cedar Park increased by 9.1 percent to $328,000 and Leander increased by 9.3 percent to $285,000 compared to the same month last year.
Together, the Leander and Cedar Park area in Community Impact Newspaper’s coverage area saw a year-over-year 12.7 percent increase in all residential home sales, including single-family, town home and condominium housing, according to ABoR’s report.
Single-family home sales also rose in Austin in July 2018 with a 13.5 percent increase since July 2017.
In the Austin-Round Rock Metropolitan Statistical Area, July single-family home sales increased by 8.8 percent compared to the same month last year. The median home price increased 6 percent year-over-year to a record-breaking $320,000, according to the report.
“Housing construction is at an all-time high in Central Texas, but the pace of new housing stock entering the market can’t justify last month’s jump in sales growth on its own. These gains in home sales activity are being driven by pure demand,” Vaike O’Grady, Austin regional director for Metrostudy, said in a press release from ABoR.