Trifecta Austin

Austin Real Estate Market For April 2020

Posted: April 30, 2020

Since things are going a bit crazy this year with the Coronavirus and city shutdowns, we wanted to give you some numbers that let you decide for yourself...

What the heck is going on?

And here's the good news. People are still becoming owners of territory, they're still becoming owners of houses, they're still selling their houses and I can prove it to you.

55 houses went pending today.

That means there are 55 buyers who are now under contract to buy a house and there are 55 sellers who received an offer signed it and are moving toward closing on their house in the next 30 to 45 days.

So the market hasn't stopped. It's still moving along. So much so that there were 77 new houses listed today.

Day Zero is there on the market, on the MLS (the Multiple Listing Service). When it syndicates across all of the websites like realtor.com, Zillow, Trulia, this is day zero for 77 new houses on the market.

This is great news, because it means people that were planning to move six months ago, they're still moving because this is just the numbers for today.

Today 35 houses closed - with signed, done deal contracts, with both sellers and buyers and the transaction complete.

And about 44 houses have dropped in price. So the market is softening a little bit because there are some people that change their plans, but the majority of people who were planning to buy and sell their house are still doing so which means the markets still moving along.

It hasn't stopped and here's even more good news.

Back in 2008, when we had that recession that made property prices drop everywhere, except Austin, Texas

In Austin, it just sort of leveled out. It didn't appreciate from 2008 to 2009. But it didn't depreciate where the rest of the country lost their initial investments or more.

Austin is a super strong market, we're really resilient. And we're going to continue to be resilient.

So we keep moving along, we keep taking one step at a time for the people who are thinking about buying, we have a step by step easy to follow plan that makes it not so overwhelming.

Where people are planning to sell, we've got some ideas for you around how to still do make ready, how to have trades in your house or around your house and how to do so safely.

So if you have questions about how to know if it's right for you, if you're wondering about your specific neighborhood days on market, average prices in a specific area that you're interested in buying in super easy for us to pull these numbers, we would love to do that for you.

Otherwise, we're here to answer any general questions!

delores carr drinking coffee from a mug
Hi! My name is Delores and I'm passionate about real estate in Austin, TX, my home town! Come ask me anything about buying or selling your house.
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Austin Real Estate Market For April 2020

Since things are going a bit crazy this year with the Coronavirus and city shutdowns, we wanted to give you some numbers that let you decide for yourself... What the heck is going on? And here's the good news. People are still becoming owners of territory, they're still becoming owners of houses, they're still selling […]

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