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How Long Does It Take To Sell A Home in Cedar Park?
Posted on April 15th, 2009 No commentsThe time it takes to sell your home in Cedar Park will vary depending on how you prepare it and how your Realtor markets your home. Looking at averages for the last 12 months, the market appears relatively strong - despite this period officially containing the start of the current economic recession.
Cedar Park Homes in the last 12 months
If you look at the days on market chart above, you see that more than half of the homes that sold in the last 12 months in the Multiple Listing System sold in under 60 days.
The days on market number is the time from the listing of the home to an accepted contract being negotiated. The closing typically takes place 30-45 days from the agreed contract has been first negotiated.
So in summary, if you use the right Cedar Park Realtor, and perform your home preparations and staging correctly, the median time it will take from listing to closing is around 80 days.
Contact a Realtor if you want to sell your Cedar Park Home.
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Housing Shortage in Cedar Park?
Posted on April 11th, 2009 No commentsConstruction starts across the US are significantly down, yet Cedar Park is still growing in population. Families are drawn by the great schools, the newer homes and the low crime rates, and are soon going to be short of options.
Cedar Park Home Starts
If you look at the chart on the right from this impactnews article on Cedar Park, you can see that the population is growing, and there are less new home starts.
With the historically low interest rates we have right now we might expect a move from rent to buy, especially considering the first time home buyers tax credit available for homes closed by the end of November 2009.
Do you think that there will be a housing shortage in Cedar Park, TX - comment below and let me know!
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