February 2020 Housing Report for Austin

February was another strong month for sellers — low inventory and higher sales prices. Romeo Manzanilla, 2020 ABoR president, said, “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.”

It’s too early to know the long term effects of COVID-19 social distancing on the Austin Real Estate Market. At the moment, the ATX market is holding steady.