Cedar Park, Leander see decreased home sales in October compared to 2021

Home sales in both Cedar Park and Leander in October decreased significantly compared to October 2021.

In October, Leander had 55 home sales—a 47.6% decrease compared to 105 sales in October last year. Cedar Park had 48 home sales in October, a 42.9% decrease compared to 84 home sales in October 2021.

ABoR President Cord Shiflet said the market is still growing, despite declining sales.

“Austin’s housing market is still growing, just at a different pace,” he said. “We’re entering the time of year that is historically a quieter time for home sales—with more available inventory than our area has seen in a decade and price growth stabilizing, buyers have more options today than ever before.”

Gaines said the Central Texas region is still in a good position and able to “weather any potential economic downturn.”

“The desire to live in Central Texas remains high compared to other metropolitan areas in the state,” he said in the release. “The continued creation of jobs and influx of people moving to Austin coupled with companies relocating to the region place Austin in a unique position to weather any potential downturn.”