January 16, 2018

January 2018 Leander, TX Real Estate Market Conditions

By Cliff Hahn, Broker

It’s taking a little longer to get a home under contract than this time last month, but Leander is still a steady housing sector in central Texas.


At the end of 2017 construction of new homes was up 3.3% a gain coming from single family homes being built at the strongest pace in about 10 years.


There have been more new home communities in Leander where there is more room for them, unlike Cedar Park where the number of new home communities are about capped.


Builders in Leander are still dealing with an inventory shortage compared to the buyer demand, prices slightly above re-sale homes due to shortage of contractors and materials.  Both factors affected by the rebuilding efforts in Houston after Hurricane Harvey.



Looking forward to the new year, we see more buyers in the market because of the strong local and national economy – yes buyer demand appears to be stronger.


For the last 30 days, according to the Austin Board of Realtors MLS as of   1/16/2018


Single Family Homes specific


  


                                                                                    DECEMBER          JANUARY


Number of homes for sale:                                          426                             435                               


Number of homes sold:                                              122                             133


Average days on the market for sold homes               78                               94


Median price of homes for sale:                               $349,990                  $339,900            


Average price of homes for sale                                $397,610                   $393,145   


Median price of homes sold:                                      $285,000                  $290,000                


Average price of homes sold:                                     $319,614                 $335,282 

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HAHN Real Estate Cliff Hahn, Broker

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