“Historically low interest rates are a driver in the market response we saw in February and will continue to act as a driver despite our shared concerns over the impact of COVID-19 in our community,” 2020 ABoR President Romeo Manzanilla said in the release.
In Round Rock, existing single-family home sales increased by 16.1% year over year, with a year-to-date average price of roughly $305,000. New construction of residential spaces in Round Rock, including single-family, townhouse and condominium offerings, decreased by 50% between February 2019 and February 2020, per ABoR data.
Townhouse sales remain on the rise in Pflugerville between February 2019 and February 2020, per ABoR, with a 100% year-over-year increase in closed sales and an average price of nearly $243,000.
109 new and existing single-family home sales have closed to date this year, marking a 12.4% year-over-year increase, according to ABoR data. Of those closed sales, the average single-family home price is reported at more than $245,000.