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Austin Market Report

February 2020


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Austin Market Update

The Kent Redding Group

Purpose DRIVEN ♥ Passion LED ♥ People FOCUSED #1 Berkshire Hathaway Team in Texas 

Purpose DRIVEN ♥ Passion LED ♥ People FOCUSED #1 Berkshire Hathaway Team in Texas 

Mar 23 1 minutes read

Things are changing quickly but for the month of February during this COVID-19 pandemic, Austin's housing market was strong. Sales increased while listings decreased and inventory dropped. The market shows us it's strong, competitive and in high demand.

Historically low interest rates will continue to drive the market, but in these ever changing times with social distancing and shelter in place orders business will look a lot different for agents and consumers alike. 

While we all navigate these changes our biggest concern is that you are healthy and safe. We are here if you need us! 

 

2,925

New Listings

4,534

Active Listings

3,137

Under Contract

2,524

Closed Sales

 

62

Average Days on Market

$1.02B

Total Sales Dollar Volume

1.5

Months of Inventory


Homes Sold

97.7%

Sale-to-List Price


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We're in strange times, but we're in it together. If you need anything, we're here to help any way we can

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