Fewer listings for sale and fewer sold going back 30 days.
Higher SOLD prices and ACTIVE -for sale prices.
Cedar Park continues to uptrend in single family houses at a healthy rate. No buyer frenzy with multiple offer situations, yet. We expect this spring to be a busy time for this sector of the housing market in central Texas.
Buyer confidence appears to remain high and the economy, locally and nationally is still robust.
Nationally, there are more buyers of new homes – the best pacing in 25 years according to the Commerce Department.
The sharp increase is taken as a sign of buyer demand while the inventory of completed homes ready for move in is steadily falling.
The median SOLD price of homes in November (2017) nationally was $318,700 not far from Cedar Park’s $301,500 median SOLD price.
The National Association of Home Builders/Wells Fargo builder sentiment index rose 5 points to 74 in January to 74- the highest reading since July of 1999.
For the last 30 days, according to the Austin Board of Realtors MLS as of 1 /16/2018
Number of homes for sale: 151 117
Number of homes sold: 93 78
Average days on the market for sold homes 46 71
Median price of homes for sale: $410,000 $410,000
Average price of homes for sale: $430,585 $443,100
Median price of homes sold: $295,500 $301,500
Average price of homes sold: $367,227 $336,583