Leander, TX housing market

Leander home values are down five percent in a year, and nearly a third of listings have cut their price. Here is what that means if you are thinking about selling this year. A typical Leander home is now worth about four hundred twenty-two thousand dollars, down roughly five percent from a year ago. There are about 930 homes for sale right now, and the median one has been sitting on the market for 89 days, close to three months. Fresh supply is not the problem, with only about 210 new listings coming on this month. Homes are piling up because they are not selling. But here is the number that explains why. The median list price is about five hundred thousand dollars, nearly eighty thousand dollars above what a typical home is actually worth. That gap is why roughly thirty percent of listings have already cut their price. Sellers are aiming high, sitting for months, then chasing the market down. The lesson is simple. In this market, the sellers who win are the ones who price at real value from day one, not the ones who list at the price they hope for. If you want to know where your home really sits in today's Leander market, get a free home value estimate at Home Value Pros dot com.