Visit ABoR.com/MarketStatistics for more information and a full press release from the Austin Board of Realtors. The above statistics compare April 2019 to April 2020.
At our office we looked at the numbers and concluded that while COVID-19 is obviously affecting the local residential market, the numbers were not as bad as we expected and they indicate that there was still plenty of activity in the market. Based on what I've seen on social media, observed in our office, and heard anecdotally (from Realtors and title professionals) there has been an uptick in activity for May. I'm throwing a huge caveat on that last sentence as it is not based on objective or data-based reporting; however, what I've perceived is more action and optimism in the real estate community.
We'll see if the optimism is correctly placed or grossly misguided as Texas continues to open back up from COVID-19 restrictions and as the local/state/national macroeconomic effects are more fully realized.
Visit us at Floyd Real Estate, LLC, if you are thinking about buying or selling property (residential, commercial, or land) in the Central Texas area.
Floyd Real Estate is a Texas real estate brokerage, TREC Lic. #9003790
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