Homes sales in Cedar Park and Leander decreased 0.8 percent year-over-year in July, and the median price of a sold home fell 4.5 percent to $291,273, according to the July 2017 Central Texas Housing Market Report released Aug. 17 by the Austin Board of Realtors.
Across the Austin-Round Rock metro area, single-family home sales increased 2.8 percent year-over-year to 2,892 home sales. In that same time period, Travis County at large experienced a 1.1 percent decline in home sales volume in July while Williamson County saw an increase of 2.3 percent.
“In years past, the high demand of the summer selling season has further constrained inventory levels and further pushed up home prices,” said Brandy Guthrie, president of the Austin Board of Realtors. “This year has been different, with steady gains in sales volume as well as listings and inventory throughout the summer.”
The area’s monthly housing inventory topped three months, reaching its highest point since fall 2012.
“Strong homebuilding activity throughout Central Texas—particularly in Williamson and Hays counties—has been a key driver of housing inventory growth and in starting the region’s housing market on the path towards a balance between supply and demand,” Guthrie said.
For additional housing market statistics and infographics for the Austin-Round Rock MSA; Hays, Travis and Williamson counties; and the city of Austin, please visit ABoR.com/statsjul17.