DATA: Northwest Austin May real estate market snapshot

Home for sale in North Austin
According to the Austin Board of Realtors May 2020 housing market report, homes sales across Northwest Austin in May declined by 40.8% as compared to this point last year. (Iain Oldman/Community Impact Newspaper)

According to the Austin Board of Realtors May 2020 housing market report, homes sales across Northwest Austin in May declined by 40.8% as compared to this point last year. (Iain Oldman/Community Impact Newspaper)

Image description
Here is your Northwest Austin May 2020 real estate market snapshot. (Designed by Mel Stefka/Community Impact Newspaper)
Image description
Here is your Northwest Austin May 2020 real estate market snapshot. (Designed by Mel Stefka/Community Impact Newspaper)
According to the Austin Board of Realtors May 2020 housing market report, homes sales across Northwest Austin in May declined by 40.8% as compared to this point last year.

This is the second straight month of massive declines for the real estate market in Northwest Austin, as defined by the six ZIP codes to which Community Impact Newspaper distributes the Northwest Austin edition. In April, the area experienced a 46.9% decline in year-over-year sales, ABoR data shows.


The ongoing coronavirus pandemic, local real estate leaders said, is contributing to compounding factors that have affected several sections of the real estate market, such as shrinking housing inventory and climbing home prices.

“We're seeing home sales drop because we simply don't have enough inventory on the market," 2020 ABoR President Romeo Manzanilla said in a June 18 news release. "We recognize there’s still an element of discomfort with listing one’s home during the pandemic, and Austin realtors are taking every precaution to ensure safe and efficient practices across the market."

Read the full story here.
By Iain Oldman
Iain Oldman joined Community Impact Newspaper in 2017 after spending two years in Pittsburgh, Pa., where he covered Pittsburgh City Council. His byline has appeared in PublicSource, WESA-FM and Scranton-Times Tribune. Iain worked as the reporter for Community Impact Newspaper's flagship Round Rock/Pflugerville/Hutto edition and is now working as the editor for the Northwest Austin edition.


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