“For most of March, it was still ‘business as usual,’ and Realtors adapted early to continue serving homebuyers and sellers safely,” ABoR President Romeo Manzanilla said in a statement released April 16. “Declines in listing activity and pending residential sales in March indicate that we won’t begin to see the true impact of COVID-19 on the housing market until our April report.”
Year to date, median home prices have increased by 11.8% in Southwest Austin.
However, compared to February, prices have slightly declined, from $402,750 to March’s $399,000 mark.
Although listing activity was down across the Austin metro, activity stayed consistent in Southwest Austin from February to March, with 1.1 months of inventory on the market and 416 new listings during that time.