The numbers here are low compared to a good year in the Austin area, but we are of the opinion that our optimism (considering the COVID-19 situation) has been correct. Furthermore, inventory is still quite low and tilted in favor of sellers. People who are in a position to buy (and are well qualified) are finding great interest rates. Thus if you are casually thinking of selling property, it would be worthwhile to take deeper consideration.
The Austin residential market has been slowed, but not stopped, by COVID-19. The above data represents a snapshot of activity in May 2020. As for June, what I can say is only anecdotal: we have seen in our brokerage and title practices any increase in activity over May. Of course, please take my anecdotal observations with the appropriate caveats and grains of salt.
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. We would be happy to advise you on your real estate related needs.
Floyd Real Estate is a Texas real estate brokerage, TREC Lic. #9003790
