The following comparisons are for the City of Austin on year to date real estate market data and quarterly comparisons. The second quarter highlights the shelter-in-place rules as the number of sales was down 23%. And, the biggest road block for buyers right now is that the inventory levels dropped from 5 weeks to 4 weeks. (5 -6 months would be a stable market.) There are so few properties to choose from, buyers often put an offer on a house they don't even want. Sellers are in the driver's seat and are typically selling for more than current market value.
Watch the video below for details!
