Summer 2020 Market Update

Posted by Israel Gutierrez on Tuesday, August 11th, 2020 at 5:42pm.

Whoah! The last few months have seemed like years. It's usually about this time of year when Austinites start getting sick of the 100 degree temps, but this year we're all wishing we could be outside and mingling more than ever before. 

I've including three months worth of stats below. While April was a little sluggish, as can be understood considering the uncertainties of the pandemic, May and June showed how resilient the Austin market continues to be. You also have to keep in mind that these stats only show what the market is doing in terms of recorded MLS sales. More deals area being done outside of the MLS right now due to the lack of inventory, and quick decisions being made in the market place. Have any of you considered adding a pool or maybe buying a house near a body of water? You're not alone! New construction sales are another statistic that isn't completely tracked via MLS records. To-be-builts and custom homes are rarely listed in the MLS, and the new construction numbers are at a record breaking pace in 2020, not just in Austin, but at the national level.

Hopefully these stats and a few of the extra tidbits of info are helpful. For anyone wondering if the Austin market is still hot, It's absolutely on fire right now! Austin House Company is an essential business, and we're taking all the necessary steps to continue to serve our wonderful clients and customers as best we can.  If you have questions about how we're operating during the COVID-19 pandemic, or just need some simple guidance, don't hesitate to reach out to us. You can call our office at (512) 412-3564 or message us on FacebookInstagram, or Twitter. Bring on the heat (and the NFL please)!

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