Cedar Park is seeing the lowest median home price this year for July as prices in the city continue to drop, while Leander is experiencing the opposite, according to Austin Board of Realtors data.
In July, Leander’s median home price reached $567,455, which is the highest price the city has seen this year. Cedar Park, however, saw the lowest home price in July at $512,500.
Despite Leander seeing a slight upward trend in home prices as the year progresses, ABoR President Cord Shiflet said the housing market is continuing to normalize.
“In every aspect of our market, Realtors are seeing positive signs that Austin’s housing market continues to normalize,” he said. “On top of rising housing inventory, home price growth is much closer to the 4%-5% annual growth that is typical for a healthy market.”
