In the last few years expectations during the summer selling season has been a high demand, low inventory levels, and an increase in home prices. Increased sale during these months resulted in a shorter selling period as well.
A decrease in the number of houses sold and an uptick in the number of days it takes to sell a house during July, results to a higher inventory of available houses.
Recent statistics on new home construction in the Austin area, shows approximately 1,000 more home starts in the second quarter of 2017 than the year prior. More than half of these home starts were in the $250,000-$299,999 price category, with Cedar Park/Leander West area being a major contributor to home starts activity.
These signs point to a slower sales and possible stabilization in Cedar Park housing prices. This is good news if you are a buyer, but if you plan to sell, may be it is time to get serious and make preparation to put your house on the market for sell.
You may follow details of the real estate trends, market conditions, and monthly home sales in Cedar Park in my monthly blog on my site or on ActiveRain (real estate information) blog site.
Below is a summary of the July Housing Market in Cedar Park. Expand on the appropriate section below to find out which one of the houses in your neighborhood changed owner and which one is currently seeking a new owner.
|Cedar Park||Cypress Creek||Avery Ranch|
|For Sale||For Sale||For Sale|
All this activity has affected your home's value!
If you plan to move, you need to know the value of your home right now. You can find this out in two easy ways:
- Go to the website I created specifically for this purpose at: www.myCedarParkPropertyWorth.com
- Text 52388 to (888)264-1910, to receive your property valuation
I hope you find this helpful. Referral is a big part of my business and as always I appreciate your consideration in referring any friends, family, or colleagues my way. Thank you for supporting me and my business endeavors. Please don't hesitate to ask me questions about real estate, your desired neighborhoods, or your house value!
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