Sales of residential property in Cedar Park and Leander fell over 30 percent in January compared to the same month the previous year, according to data from the Austin Board of Realtors.
Cedar Park saw a drop of 38.5 percent in residential sales, including single-family homes, townhomes and condominiums. Most Cedar Park home sales in January were for existing homes, with 38 existing homes and two new constructions sold, according to the ABoR data.
The median price of a single-family home sold in Cedar Park in January was $303,000, a 3.8 percent increase over last year.
In Leander, total residential closings fell by 33.3 percent in January year-over-year with 54 homes sold, according to the ABoR data. New constructions accounted for 16 of those sales.
Single-family homes went for a median price of $265,000 in Leander in January, according to the data.
The decline in sales accompanied a 2.6 percent decrease in single-family homes sold in Williamson County overall, according to a Feb. 20 statement from ABoR.
The Austin-Round Rock Metropolitan Statistical Area as a whole saw single-family home sales decrease by 1.8 percent year-over-year in January.
“In December 2018, new listings on the market returned to more normal levels compared to December 2017,” ABoR President Kevin P. Scanlan said in the Feb. 20 statement. “This resulted in a slight decrease in January sales this year.”
Scanlan said in the statement that “future homeowners are still buying” so the Austin real estate market remains competitive.