Deep Dive – Leander – June 2023 – Real estate market

In just a few minutes you will know more about Leander real estate than almost anyone! ALEX Labs and ALEX Studios provide ALEX Partners (Agents and Brokers) and their clients with resources like this to have deep intelligence and have genius real estate knowledge.

LEANDER DEEP DIVE SUMMARY 

June 2023 vs May 2023:

1. The number of sales has decreased by 6%, while the total Net Sales* in dollars fell by 5%.
   
2. Properties are selling faster, with the average cumulative days on the market decreasing by 13%, and the median dropping by 4%.
   
3. The average Net Sale Price* of properties increased by 1%, while the median Net Sale Price* rose by 5%.
   
4. The average listing price remained the same, whereas the median listing price went up by 4%.
   
5. Sellers are getting slightly less than their asking price, with the average percentage Net Sale Price* below list price down by 8%, and the median Net Sale Price* below list price down by 14%.

June 2023 vs June 2022:

1. There were 25% fewer sales, and the total Net Sales* in dollars fell by a significant 34%.
   
2. Properties are taking much longer to sell. The average cumulative days on the market skyrocketed by 317%, and the median increased by a whopping 286%.
   
3. The average Net Sale Price* decreased by 12%, with the median net sale price down by 10%. The Net Sale Price* per square foot also fell by 17% for both averages and medians.
   
4. The average listing price dropped by 8%, and the median decreased by 6%. The price per square foot listed also decreased by 12-14%.
   

Overall, compared to the previous month and the same month last year, the market in June 2023 has slowed down with fewer sales, lower Net Sales Price* and listing prices, and properties taking longer to sell. Sellers are also getting less than their listing prices.

* Net Sale Price = Sale Price
LESS Seller Paid Repairs to Meet Buyer Demands
LESS Seller Paid Buyer Closing Costs like interest rate buydowns

Just want the highlights? Here is the One Minute Tour

I’M ALWAYS HERE

If you have any questions, I am always here. Just call, text or email me

Diane Hart Alexander, MBA, MHA, CEO, Broker
Alexander Tiffany Southwest dba ALEX.realestate
Chairman, ALEX Cares 
v 713.591.9902
o 713.918.9951
e diane@alex.realestate

PS – If you are an Agent or Broker and want to be a Leander real estate genius, contact me! Why ALEX? Best. Diane

LEANDER SUMMARY TABLE

CUMULATIVE DAYS ON MARKET

PERCENT DISCOUNT FROM LIST PRICE

TOTAL NUMBER OF SALES

TOTAL NET SALES VOLUME

NET SALE PRICE PER SF

NET SALE PRICE PER HOME

LIST PRICE PER SF

LIST PRICE PER HOME

HIGH LIST PRICE & HIGH SALE PRICE PER SF

HIGH LIST PRICE & HIGH SALE PRICE

LINKS

June 2023 Statistics

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