March 2020 Real Estate Sales Stats – Austin-Round Rock MSA

Here are the March sales stats from the Austin Board of Realtors, for the entire Austin MSA.  Remember that these are mostly “lagging indicators”, as most homes sold during the month of March were under contract in February and before.  We watch some “leading indicators”, such as showing inquiries, web traffic, and new loan applications. These show downward trends, as we might expect.  Real estate industry experts project that prices will not be subject to big changes during the crisis.  Sales volume will likely decrease by 12-15% this year (compare this to a 30% decrease in 2008, lasting nearly 3 years).  I will always work to paint a realistic picture—neither optimistic or pessimistic, in order to give you the best advice!

Tom Dove

512-923-2042

tom@purerealty.com